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Question 12 3.3 pts Shelley Company is thinking of buying a new machine that will have a five-year life. The machine will cost $100,000 today

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Question 12 3.3 pts Shelley Company is thinking of buying a new machine that will have a five-year life. The machine will cost $100,000 today and generate cost savings of $40,000 per year for each of the five years. The companies cost of capital is 10%. The Payback period for the project is: O 5 years O 40% O 2.5 years O 1 year None of the above

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