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SheridanCompany is considering the purchase of a machine with an estimated useful life of 5 years with the following data: Initial cost$100000One-time training cost12000Annual maintenance

SheridanCompany is considering the purchase of a machine with an estimated useful life of 5 years with the following data:

Initial cost$100000One-time training cost12000Annual maintenance costs10000Annual cost savings50000Salvage value13000

The cash payback period is

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