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Required information [The following information applies to the questions displayed below.] Project A requires a $405,000 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 $405,000 initial investment for new machinery with a five-year life and a salvage value of $35,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $24,100 per year for the next five years. Compute Project A's payback period. Choose Numerator: Cost of investment Payback Period Choose Denominator: 7: Annual net cash flow = Payback Period Payback period

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