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Flow Vandezende Inc. is considering the acquisition of a new machine that costs $420,000 and has a use life of 5 years with no salvage

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Flow Vandezende Inc. is considering the acquisition of a new machine that costs $420,000 and has a use life of 5 years with no salvage value. The incremental net operating income and incremental net cash flows that would be produced by the machine are ignore income taxes) Incremental Net Opering incremental Net Cash Income Year 1 $ 66,000 $ 150.000 Year 2 $ 72.000 $152.000 Year 3 $ 83.000 $ 165,000 Year 4 $ 46,000 5 148.000 Year 5 $ 88.000 $ 150.000 Assume cash flows occut uniformly throughout a year except for the initial investment The payback period of this investment is closest to (Round your answer to 1 decimal place) Multiple Choice 26 years 210 years 2.9 years 2.8 years

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