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(3 Points) Maxwell company is considering the purchase of a machine costing $75,000. If Maxwell buys this machine, net cash flows will increase by $10,000

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(3 Points) Maxwell company is considering the purchase of a machine costing $75,000. If Maxwell buys this machine, net cash flows will increase by $10,000 per year. Calculate the payback period. If this machine is expected to last for 10 years, should Maxwell purchase this machine? Please show your work

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