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Turquoise Company, with $1,500,000 in operating assets is considering the purchase of a machine that costs $250,000 and which is expected to reduce operating costs
Turquoise Company, with $1,500,000 in operating assets is considering the purchase of a machine that costs $250,000 and which is expected to reduce operating costs by $50,000 each year. These reductions in cost occur evenly throughout the year. What is the payback period for the machine (in years)
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