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Dexter Company purchased a machine for $252,000 that will be depreciated on the straight-line basis over a 5-year period with no salvage value. The related
Dexter Company purchased a machine for $252,000 that will be depreciated on the straight-line basis over a 5-year period with no salvage value. The related cash flow from operations (net of income taxes) is expected to be $90,000 a year. What is the payback period?
Group of answer choices
2.1 years
2.8 years
4.2 years
2.3 years
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