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Keys Company is considering purchasing new equipment for $677,740. It is expected that the equipment will produce net annual cash flows of $72,100 over
Keys Company is considering purchasing new equipment for $677,740. It is expected that the equipment will produce net annual cash flows of $72,100 over its 10-year useful life. Annual depreciation will be $65,274. Compute the cash payback period. Round answer to 1 decimal place such as 1.2. Cash Payback Period: Years
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas
10th edition
133796833, 133427536, 9780133796834, 978-0133427530
