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Bark Company is considering buying a machine for $120,000 with an estimated life of ten years and a $30,000 salvage value. Annual depreciation will be
Bark Company is considering buying a machine for $120,000 with an estimated life of ten years and a $30,000 salvage value. Annual depreciation will be $10,000. The machine is expected to generate net annual cash flows of $30,000 each year. The cash payback period on this investment is
A) 3 years B) 10 years C) 5 years D 4 years
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