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Monty Dogsy, Inc. produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine that

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Monty Dogsy, Inc. produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine that will make the corn dogs. Austin has shopped for machines and found that the machine he wants will cost \$218.500. In addition, Austin estimates that the new machine will increase the company's annual net cash flows by $40,300. The machine will have a 12 -year usefullife and no salvage value. Click here to vicw PV tables. (3) Calculate the cash payback period. (Round answer to 2 decimal ploces es 15.21.) Cash payback period years

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