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The management of Wyoming Corporation is considering the purchase of a new machine costing $375,000. The company's desired rate of return is 6%. Use
The management of Wyoming Corporation is considering the purchase of a new machine costing $375,000. The company's desired rate of return is 6%. Use the following data in determining the Cash Payback Period: Income from Operations Net Cash Flow Year 12345 $78,750 $97,750 78,750 95,750 78,750 93,750 78,750 87,750 78,750 83,750 5 years 4,76 years 4 years 03.84 years
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Financial Accounting
Authors: Walter T. Harrison, Charles T. Horngren
7th edition
0135012848, 978-0135012840
