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Kingbird Company is considering buying a machine for $180000 with an estimated life of 10 years and no salvage value. The straight-line method of depreciation

Kingbird Company is considering buying a machine for $180000 with an estimated life of 10 years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $12000 each year. The cash payback period on this investment is

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