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The Little Rock Lithograph Company is interested in buying a new lithograph machine that costs $175,000. Additional costs are $10,000 for set up and $5,000

The Little Rock Lithograph Company is interested in buying a new lithograph machine that costs $175,000. Additional costs are $10,000 for set up and $5,000 for training. They estimate that the lithograph machine will net annual cash flows of $40,000. What is the cash payback period of the lithograph machine? a.) 4.38 Years b.) 4.625 Years c.) 4.75 Years d.) 4.5 Years

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