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Ragged Edge Arts is considering replacing their long-arm sewing machine. The new long-arm machine costs $50,000. The expected life of the machine is expected to

Ragged Edge Arts is considering replacing their long-arm sewing machine. The new long-arm machine costs $50,000. The expected life of the machine is expected to be 5 years, the residual value will be negligible, and the machine will generate an annual cash flow of $25,000, and annual operating income of $20,000. What is the estimated cash payback period for the machine?

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