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A company is considering buying a machine that would give a net cost savings of $60,000 per year for 10 years. The cost of the

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A company is considering buying a machine that would give a net cost savings of $60,000 per year for 10 years. The cost of the machine is $325,000. The company's weighted average cost of capital is 12%. What is the difference in the payback and discounted payback of the machine? Please enter your answer in years to two decimals

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