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Your company is introducing a new product. The machinery needed to produce this product will have an initial cost of $ 4 2 , 5

Your company is introducing a new product. The machinery needed to
produce this product will have an initial cost of $42,500.00. The new
product will produce an annual income of $12,000.00.The company will break-even on
this product in approximately
years if the annual interest rate is 5%
per year. Select the best answer.
4
17
2
8
12
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