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A 10 kW home wind turbine is being planned for acquisition and installation at a cost of $65,000. During its useful life it is expected
A 10 kW home wind turbine is being planned for acquisition and installation at a cost of $65,000. During its useful life it is expected to generate an annual gross income of $8000. The cost to house the machine is $100 per year. Its maintenance cost is projected to be $500 per year. Draw a cash flow diagram, determine the payback period for the machine, and indicate this payback period on the CFD.
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