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Big League Products is considering replacing old production equipment with new high efficiency equipment. The new equipment will have a five-year life and relevant

Big League Products is considering replacing old production equipment with new high efficiency equipment. The new equipment will have a five-year life and relevant cash flows are as follows: Investment in high efficiency equipment $300,000. Monthly net cash savings from new high efficiency equipment - $5,625. Salvage value of new computer technology 10% of the investment cost. The payback period of the investment in high efficiency equipment is Multiple Choice 4.55 years 4.33 years

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