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Blue Spruce Company is considering investing in new equipment that will cost $1,411,000 with a 10 -year useful life. The new equipment is expected to

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Blue Spruce Company is considering investing in new equipment that will cost $1,411,000 with a 10 -year useful life. The new equipment is expected to produce annual net income of $82,900 over its useful life. Depreciation expense, using the straight-line rate. is $141,100 per year. Compute the cash payback period. (Round answer to 1 decimal place, eg. 15.2) Cash payback period years Attempts: 0 of 1 used

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