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Bev is considering purchasing a new button holer for her business. She estimates the machine will cost $90,000 and will be paid for in cash.Her
Bev is considering purchasing a new button holer for her business. She estimates the machine will cost $90,000 and will be paid for in cash.Her cash savings from the first 4 years of operation of the machine will be $20,000 in year 1, $30,000 in year 2, $35,000 in year 3 and $35,000 in year 4.The payback period for the machine is:
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