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Pictured Rocks Mfg . is considering purchasing a tool that would cost $ 2 8 5 , 1 2 0 and have a useful life
Pictured Rocks Mfg is considering purchasing a tool that would cost $ and have a useful life of years. The tool would reduce cash operating costs by $ per year. The tool would have a salvage value of $ at the end of the places.
Compute the payback period in years for the tool.
Compute the simple rate of return for the tool
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