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Wayfair Inc. is considering the acquisition of a new machine that costs $426,000 and has a useful life of 5 years with no salvage value

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Wayfair Inc. is considering the acquisition of a new machine that costs $426,000 and has a useful life of 5 years with no salvage value incremental net operating income and incremental net cash flows that would be produced by the machine are lgnore income taxes. Year 1 Year 2 Year 3 Year 4 Year 5 Incremental Net Operating Income $67,000 $73,000 $84,000 $ 47,000 589,000 Incremental Net cash Flows $148,000 $150,000 $175,000 $149,000 $151,000 Assume cash flows occur uniformly throughout a year except for the initial investment The payback period of this investment is closest to (Round your answer to 1 decimal place.) Multiple Choice Multiple Choice 43 years 2.7 years 2.1 years 5.0 years

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