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Fleming Company is considering the purchase of a new machine. The machine cost $200,000 and will generate yearly cash inflow of $30,000. What is the

Fleming Company is considering the purchase of a new machine. The machine cost $200,000 and will generate yearly cash inflow of $30,000. What is the payback period?

Select one: a. 4 years and 8 months.

b. 6 years and 8 months.

c. 6 years and 9 months.

d. 15 years.

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