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PLEASE ANSWER PLEASE HELP!!! Paimer Corporation is considering the purchase of a new piece of equipment. The cost savings from the equipment would result. in
PLEASE ANSWER PLEASE HELP!!!
Paimer Corporation is considering the purchase of a new piece of equipment. The cost savings from the equipment would result. in an annual increase in net income of $124,000. The equipment will have an initial cost or $453,000 and a 6 year usefut hife. If the salvage value of the equipment is estimated to be $84,000, what is the payback period? Multiple Choice 2.44 years 3.65 years 4.40 yeers 2. 44 years 3.65 years 4.40 years 6.00 years Step by Step Solution
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