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help Corn Doggy, Inc, produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine
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Corn Doggy, Inc, produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine that will make the corn dogs. Austin has shopped for machines and found that the machine he wants will cost $207,800. In addition, Austin estimates that the new machine will increase the company's annual net cash fows by $32,000. The machine will have a 12 -year useful life and no salvage value. Calculate the cash payback period. (Round answer to 2 decimal ploces, eg. 15.21.) Cash payback period years Step by Step Solution
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