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The payback period of this investment is closest to? Baldock Inc. is considering the acquisition of a new machine that costs $361,000 and has a

The payback period of this investment is closest to? image text in transcribed
Baldock Inc. is considering the acquisition of a new machine that costs $361,000 and has a useful life of 5 years with no salvage value. The incremental net operating income and incremental net cash flows that would be produced by the machine are: Assume cash flows occur uniformly throughout a year except for the initial investment the payback periods of this investment is closest to: 3.3 Years 5.0 years 4.7 years 2.3 years

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