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a and b please 5) Hady Corporation is considering purchasing a machine that would cost $420,000 and have a useful life of 6 years. The

a and b please
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5) Hady Corporation is considering purchasing a machine that would cost $420,000 and have a useful life of 6 years. The machine would reduce cash operating costs by $76,860 per year. The machine would have no salvage value. (Ignore income taxes.) Required: a. Compute the payback period for the machine. b. Compute the simple rate of retum for the machine

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