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Vandezande Inc. is considering the acquisition of a new machine that costs $370,000 and has a useful life of 5 years with no salvage value.

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Vandezande Inc. is considering the acquisition of a new machine that costs $370,000 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 (lgnore income taxes.) Incremental Net Operating Income $77,000 $83,000 $94,000 $57,000 $99,000 Incremental Net Cash Year 1 Year 2 Year 3 Year4 Year 5 Flows $153,000 $162,000 $175,000 $159,000 $161,000 Assume cash flows occur uniformly throughout a year except for the initial investment. The payback period of this investment is closest to

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