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Ertma Company is considering buying a machine for $122000 with an estimated life of 15 years and no salvage value. The straight-line method of depreciation

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Ertma Company is considering buying a machine for $122000 with an estimated life of 15 years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net incomse of $18300 each year. The cash payback on this investment is Round your answer 2 decimal places

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