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Oriole Manufacturing purchases equipment with an expected life of 10 years for $54250. The equipment has an estimated salvage value of $2200. Oriole expects the
Oriole Manufacturing purchases equipment with an expected life of 10 years for $54250. The equipment has an estimated salvage value of $2200. Oriole expects the new equipment to generate annual cost savings of $8800. What is the payback period of the equipment? O 6.16 years 10.00 years O 5.91 years O 6.41 years
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