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A piece of laborsaving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one of its plants
A piece of laborsaving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one of its plants in Japan. Relevant data relating to the equipment follow: 484,500 Purchase cost of the equipment Annual cost savings that will be 85,000 provided by the equipment Life of the equipment 12 years Required: 1-a Compute the payback period for the equipment. Choose Numerator: E choose Denominator: Payback Period Payback period
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