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Bramble Company is considering investing in new equipment that will cost $1,412,000 with a 10 -year useful bie. The new equipment is expected to produce

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Bramble Company is considering investing in new equipment that will cost $1,412,000 with a 10 -year useful bie. The new equipment is expected to produce annual net income of $79,400 over its useful life. Depreciation expense; using the straight-line rate, is $141,200 per year Compute the cash payback period, (Round answer to 1 decimal place eg 15.2.) Cash paybackperiod years

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