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please answer question completely using multiple choice A company with $795,000 in operating assets is considering the purchase of a machine that costs $85,000 and
please answer question completely using multiple choice
A company with $795,000 in operating assets is considering the purchase of a machine that costs $85,000 and which is expected to reduce operating costs by $17,000 each year. These reductions in cost occur evenly throughout the year. The payback period for this machine in years is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.) Multiple Choice O 5 years O 9.4 years (0) 0.2 years 46.8 yearsStep by Step Solution
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