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CASESTUDY: The City of Centerville Parks Department is considering the purchase of a new, more efficient pool heater for its Municipal Swimming Pool at a

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CASESTUDY: The City of Centerville Parks Department is considering the purchase of a new, more efficient pool heater for its Municipal Swimming Pool at a cost of $28,000. It should save $3,500 in cash operating costs per year. Its estimated useful life is 10 years, and it will have zero disposal value, Ignore taxes. 1. What is the payback time? Show the formula to calculate the payback period and calculate the payback time

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