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Wildhorse Corporation is considering purchasing another machine for its manufacturing operations. The machine would cost $482,040. It would have an estimated life of five years
Wildhorse Corporation is considering purchasing another machine for its manufacturing operations. The machine would cost $482,040. It would have an estimated life of five years with no salvage value. The company estimates that annual cash inflows would increase by $203,500 and that annual cash outflows would increase by $86,500. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 15.25.)
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