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PLEASE ANSWER PLEASE HELP Palmer Corporation is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in

PLEASE ANSWER PLEASE HELP
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Palmer Corporation is considering the purchase of a new plece 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 of $453,000 and a 6 year usefut life. If the salvage value of the equipment is estimated to be $84,000, what is the payback period? Multiple Choice 244 years 3.65 yeers 4.40 years Multiple Choice 2.44 years 3.65 years A. 40 years 6,00 years

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