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Help! Selmont Corp. is considering the purchase of a new ploce of equipment. The cost sovings from the equipment would result in an antual increase

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Selmont Corp. is considering the purchase of a new ploce of equipment. The cost sovings from the equipment would result in an antual increase in net. ncome after tax of $276.000. The equipment will have an intial cost of $670,000 and have an 5 -year life. If there is no salvage value of the equipment. What is the payback period? Multiole Choice 243 yed 163year 500 year 2 ot yeas

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