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Frumer Company has purchased a machine that cost $30,000, that will save $6,000 per year in cash operating costs, and that has an expected life

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Frumer Company has purchased a machine that cost $30,000, that will save $6,000 per year in cash operating costs, and that has an expected life of 15 years with zero salvage value. The payback perlod on the machine will be: Multiple Choice o 2 years 75 years 5 years 0.2 years

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