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Hayden Company is considering the acquisition of a machine that costs $460,000. The machine is expected to have a useful life of 6 years, a
Hayden Company is considering the acquisition of a machine that costs $460,000. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual net cash flow of $89,000, and annual operating income of $75,650. What is the estimated cash payback period for the machine (round to one decimal points)?
a.1.2 years
b.5.2 years
c.7.3 years
d.6.1 years
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