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The initial cost of a machine is $10,000. Annual benefits associated with the machine are expected to be $1000 in year 1 and to increase
The initial cost of a machine is $10,000. Annual benefits associated with the machine are expected to be $1000 in year 1 and to increase by $1000 each year for the 10-year useful life of the machine. The simple payback period for this machine is most nearly?
a. 2 years
b. 4 years
c. 5.5 years
d. 6.5 years
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