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already posted this question but it was wrong please provide correct answer Henry Co. is considering acquiring a manufacturing plant. The purchase price is $1,200,000.
already posted this question but it was wrong please provide correct answer
Henry Co. is considering acquiring a manufacturing plant. The purchase price is $1,200,000. The owners believe the plant will generate net cash inflows of $325,000 annually. It will have to be replaced in six years. Use the payback method to determine whether Henry should purchase this plant. Round to one decimal placeStep by Step Solution
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