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What is the formula, with numbers included to solve for this problem? A company bought new machinery for $5,105,000. This is expected to result in

What is the formula, with numbers included to solve for this problem?

A company bought new machinery for $5,105,000. This is expected to result in additional cash flow of $1,220,222 over the next 7 years. What is the payback period for the project? their acceptance period is 5 years.

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