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A company is considering purchasing a machine for $21,00o. The machine will generate an after-tax net income of $2,000 per year. Annual depreciation expense would

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A company is considering purchasing a machine for $21,00o. The machine will generate an after-tax net income of $2,000 per year. Annual depreciation expense would be $1,500. What is the payback period for the new machine? 4 points Multiple Choice 03:44:31 4 years eBook 6 years 10.5 years 14 years. 42 years

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