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$ 290,000 Quary Company is considering an investment in machinery with the following information. Initial investment Useful life 9 years Materials, labor, and overhead

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$ 290,000 Quary Company is considering an investment in machinery with the following information. Initial investment Useful life 9 years Materials, labor, and overhead (except depreciation) Depreciation-Machinery $ 65,250 30,000 Salvage value Expected sales per year $ 20,000 14,500 units Selling, general, and administrative expenses Selling price per unit 7,250 $ 10 (a) Compute the investment's annual income and annual net cash flow. (b) Compute the investment's payback period. Complete this question by entering your answers in the tabs below.

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