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Saved Help Save & Exit Thrifty White has purchased a small auto for delivering prescriptions. The auto was purchased for $26,000 and will have a

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Saved Help Save & Exit Thrifty White has purchased a small auto for delivering prescriptions. The auto was purchased for $26,000 and will have a 6 year useful life and a $5,500 salvage value Delivering prescriptions (which the pharmacy has never done before should increase gross revenues by at least $33,500 per year. The cost of these prescriptions to the pharmacy will be about $28,000 per year. The pharmacy depreciates all assets using the straight-line method. The payback period for the auto is closest to (Ignore Income taxes) (Round your answer to 1 decimal place.) Multiple Choice 37 years 47 years 0 57 years Multiple Choice 37 years 4.7 years 5.7 years 5.1 years

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