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You invest $300,000 for new equipment at a manufacturing facility. The equipment is expected to produce $125,000 per year in revenue. The expenses for operating

You invest $300,000 for new equipment at a manufacturing facility. The equipment is expected to produce $125,000 per year in revenue. The expenses for operating the equipment are $45,000/year. There is no salvage value for the equipment. MARR is 15%. How long will it take to break even on the investment?

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