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Exercise 24-3 Payback period computation; straight-line depreciation LO P1 A machine can be purchased for $210,000 and used for five years, yielding the following net

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Exercise 24-3 Payback period computation; straight-line depreciation LO P1 A machine can be purchased for $210,000 and used for five years, yielding the following net incomes. In projecting net incomes straight-line depreciation is applied, using a five-year life and a zero salvage value $14,200 $91.000 Year $53,100 Year 5 $100,000 Compute the machine's payback period ignore taxes) (Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.) Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow (210 000 $ 210.000) 14,2001 35,200 91,000 53.100 140,000 ayback period

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