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Calculate the payback period for the following investment: A machine costs $127,772 with installation costs of $5,262. Cash inflows are expected to be $32,683 per

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Calculate the payback period for the following investment: A machine costs $127,772 with installation costs of $5,262. Cash inflows are expected to be $32,683 per year for the next seven years. (Please enter your answer to the one-one hundredth of a year, so 5.160386 would be entered as 5.16)

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