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A company is considering an investment in a machine that costs $140,000. The machine has a 5-year life and no residual value and will be

A company is considering an investment in a machine that costs $140,000. The machine has a 5-year life and no residual value and will be depreciated using the straight-line method. The machine is expected to increase the annual net income by $35,000. The payback period of this investment would be: Multiple Choice 2.2 years. 2 years. 5 years. 4 years

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