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sheffield company is considering the purchase of a new machine . the invoice price of the machine is $84,000, freight charges are estimated to be

sheffield company is considering the purchase of a new machine . the invoice price of the machine is $84,000, freight charges are estimated to be $4,000 and installation costs are expected to be $5,6000. the annual cost savings are expected to be $20,000 for 10 years. Calculate the cash payback period

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