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A company purchased a small equipment for $ 77758. Annual maintenance costs are expected to be $1989, but extra income will be $ 19259 per
A company purchased a small equipment for $ 77758. Annual maintenance costs are expected to be $1989, but extra income will be $ 19259 per year. How long will it take for the company to recover its investment at an interest rate of 10% per year? (Use discounted payback method). Note: your answer can be infraction of years, e.g. 4.5 years or 15.2 years
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