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A company is considering an investment in a machine. The machine has an estimated useful life of 9 years with no salvage value at the

A company is considering an investment in a machine. The machine has an estimated useful life of

9

years with no salvage value at the end of the

9

years. The company\'s internal rate of return on this machine is

4 % .

The company\'s discount rate is also

4 % .

The payback period on this machine is closest to

(

Ignore income taxes.

)

: choices:

9

years

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