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DenMat Corporation with $ 558,187 in operating assets is considering the purchase of a machine that costs $ 61,980 and which is expected to reduce

DenMat Corporation with $ 558,187 in operating assets is considering the purchase of a machine that costs $ 61,980 and which is expected to reduce operating costs by $ 24,081 each year. These reductions in cost occur evenly throughout the year. The payback period for this machine in years is closest to (Ignore income taxes.):

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