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P1: Compute payback period and describe its use.. FasTrac is considering buying a new machine: Cost.... Useful life... Salvage value.. Expected production....... Product selling

P1: Compute payback period and describe its use.. FasTrac is considering buying a new machine: Cost.... Useful life... Salvage value.. Expected production....... Product selling price per unit...... $16,000 8 years $ 0 30,000 units $ 30 Calculate the payback period.

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