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Required information (The following information applies to the questions displayed below) Project A requires a $430,000 initial investment for new machinery with a five-year life

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Required information (The following information applies to the questions displayed below) Project A requires a $430,000 initial investment for new machinery with a five-year life and a salvage value of $42,500 The company uses straight-line depreciation Project A is expected to yield annual net income of $27400 per year for the next five years Compute Project A's payback period. Payback Period Choose Denominator: Payback Period Payback period Choose Numerator

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