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John Deere is an American manufacturer of agricultural, construction, and forestry machinery. The company is considering the purchase of a new piece of equipment. The
John Deere is an American manufacturer of agricultural, construction, and forestry machinery. The company is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $ The equipment will have an initial cost of $ and have an year life. If there is no salvage value of the equipment, what is the payback period?::Multiple Choice years years years years
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