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Metlock Company is considering the purchase of a new machine. The invoice price of the machine is $$78,090,$ freight charges are estimated to be $$4,940,$ and installation costs are expected to be $$7,600.$ The annual cost savings are $$19,000$ for $10$ years. Calculate the cash payback period. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Cash payback period

years

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