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If XYZ Office Supplies is considering the purchase of a new printing machine with an initial investment cost of $220,000, which is estimated to have

If XYZ Office Supplies is considering the purchase of a new printing machine with an initial investment cost of $220,000, which is estimated to have a 6-year life cycle. The company expects an annual net cash flow of $38,500 per year, what is the payback period? 6 years O Everything was paid so no payback period calculation is necessary. O 5.7 years O 11.7 years

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