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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 $25,000 and has an estimated life of nine years. The following annual donut sales and expenses are projected: Sales $30,000Expenses: Flour, etc. (required in making donuts)$18,000 Salaries$7,000 Depreciation$1,800$26,800Operating Income $3,200(Ignore income taxes in this problem.)The payback period on the new machine is closest to which of the following?Multiple Choice5.0 years.2.7 years.1.4 years.3.6 years.

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