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Required information (The following information applies to the questions displayed below.) Project A requires a $385.000 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 $385.000 initial investment for new machinery with a five-year life and a salvage value of $33,000. The company uses straight-line depreciation. Project A is expected to yield annual net income of $23,800 per year for the next five years. Compute Project A's payback period. Choose Numerator: Annual net cash flow Payback Period Choose Denominator: Cost of investment - Payback Period = Payback period

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