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Emma Company is considering buying a machine for $119,000 with an estimated life of 12 years and no salvage value. The straight-line method of depreciation

Emma Company is considering buying a machine for $119,000 with an estimated life of 12 years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $14,000 each year. The cash payback on this investment is

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