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Pete Fred wants to buy a $600,000 machine that will improve the efficiency and effectiveness of their operations the machine has a 10-year life and

Pete Fred wants to buy a $600,000 machine that will improve the efficiency and effectiveness of their operations the machine has a 10-year life and no salvage value and the after-tax cash flow of the project is expected to be $130,000 per year to pay back on the project is approximately:

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