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26) Payback Period Calculation. Textile Services, Inc., plans to invest $80,000 in a new machine. Annual cash inflows from this investment will be $25,000, and

26) Payback Period Calculation. Textile Services, Inc., plans to invest $80,000 in a new machine. Annual cash inflows from this investment will be $25,000, and annual cash outflows will be $5,000. Determine the payback period for this investment.

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