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The plant manager of Shredder Corp is considering a new shredder for one of its plants. The new machine costs $35,850 making it eligible for

The plant manager of Shredder Corp is considering a new shredder for one of its plants. The new machine costs $35,850 making it eligible for the companys 3-year payback rule. The new machine is expected to produce incremental after-tax profits of $13,250/year. A) What is the payback period? (Carry your answer to 1 place.) And B) Should Shredder Corp buy the new shredder?

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