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A company with $720,000 in operating assets is considering the purchase of a machine that costs $80,000 and which is expected to reduce operating costs
A company with $720,000 in operating assets is considering the purchase of a machine that costs $80,000 and which is expected to reduce operating costs by $26,000 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.):
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