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A company is considering the purchase of a new machine for $75,660. Management predicts that the machine can produce sales of $20,000 each year for
A company is considering the purchase of a new machine for $75,660. Management predicts that the machine can produce sales of $20,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $16,800 per year, including depreciation of $4,600 per year. What is the payback period for the new machine
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