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LUPIL A company is considering purchasing a repair machine. The com uses the straight line method of depreciation. The following informatie was collected. Initial Cost
LUPIL A company is considering purchasing a repair machine. The com uses the straight line method of depreciation. The following informatie was collected. Initial Cost Useful Life Salvage Value Est. Net Income Year 1 Est. Net Income Year 2 Est. Net Income Year 3 Est. Net Income Year 4 Est. Net Income Year 5 $350,000 5 years None $153,000 $75,000 $102,000 $12,000 $6,000 What is the cash payback period of this investment
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