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A company with $630,000 in operating assets is considering the purchase of a machine that costs $74,000 and which is expected to reduce operating costs
A company with $630,000 in operating assets is considering the purchase of a machine that costs $74,000 and which is expected to reduce operating costs by $20,000 each year. These reductions in cost occur evenly throughout the year. The payback period for this machine in years is closest to (Ignore income taxes.: Multiple Choice 0.27 years 31.5 years 8.5 years 3.7 years
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