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Hayden Company is considering the acquisition of a machine that costs $ 6 7 5 , 0 0 0 . The machine is expected to

Hayden Company is considering the acquisition of a machine that costs $675,000. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual net cash inflow of $150,000, and annual operating income of $87,500. The estimated cash payback period for the machine is
a.4.5 years
b.3.5 years
c.5 years
d.4 years

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