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9 4 9-15 Wyer's Accounting Museum is exploring the purchase of a new building with a useful life of 15 years to use as its

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Wyer's Accounting Museum is exploring the purchase of a new building with a useful life of 15 years to use as its main gallery space. The building will cost $1, 021, 900. Once it has been purchased, the museum will terminate its current lease, which costs $60, 400 per year. The new gallery will allow the museum to-display more of its permanent collection, as well as to showcase traveling exhibits. The increased exhibit space, along with the new building's location, is expected to increase admissions revenue by $32, 500 per year. Calculate the payback period for the proposed investment in the building. Assume that all cash flows occur evenly throughout the year

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