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Fast Food, Inc. has purchased a new donut maker. It cost $ 2 5 , 0 0 0 and has an estimated life of nine
Fast Food, Inc. has purchased a new donut maker. It cost $ and has an estimated life of nine years. The following annual donut sales and expenses are projected: Sales $Expenses: Flour, etc. required in making donuts$ Salaries$ Depreciation$$Operating Income $Ignore income taxes in this problem.The payback period on the new machine is closest to which of the following?Multiple Choice years years years years.
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