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Question 3 6 pts F5i-OP7 Company purchased a machine for $240,000. The machine has an expected five-year life and a salvage value at the end

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Question 3 6 pts F5i-OP7 Company purchased a machine for $240,000. The machine has an expected five-year life and a salvage value at the end of the five years equal to $25,000. The machine is expected to generate net cash inflows each year as follows: Year 1 Year 2 Year 3 Year 4 Year 5 $ 84,000 $102,000 $ 108,000 $ 72,000 $ 54,000 The payback period on this machine would be closest to: O2 years 1 month 2 years 6 months 2 years 8 months 3 years 2 months o o o o 3 years 5 months 5 years 0 months

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