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6. (Ignore income taxes in this problem.) A company with $750,000 in operating assets is considering the purchase of a machine that costs $82,000 and
6. (Ignore income taxes in this problem.) A company with $750,000 in operating assets is considering the purchase of a machine that costs $82,000 and which is expected to reduce operating costs by $28,000 each year. These reductions in cost occur evenly throughout the year. Calculate the payback period for the machine in years (10 points):
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