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Joe's Moving Co . is considering purchasing a new truck that will expand the number of jobs he can accept. The truck costs $ 2

  Joe's Moving Co. is considering purchasing a new truck that will expand the number of jobs he can accept. The truck costs $24,000 and will last 6 years. It should increase net operating income by $4,000 year and will be depreciated using the straight-line method. What is the payback period for the new truck?

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