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(Ignore income taxes in this problem.) Friden Company has just purchased a new piece of equipment with the following characteristics: Assume straight-line depreciation and no

(Ignore income taxes in this problem.) Friden Company has just purchased a new piece of equipment with the following characteristics: Assume straight-line depreciation and no salvage value. The payback period would be: A) 4.5 years B) 10 years C) 2.7 years D) 8.2 years

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