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1 A machine can be purchased for $220,000 and used for five years, yielding the...

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Accounting

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1 A machine can be purchased for $220,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $44,000 Yes Year Years Year Tears Income $14.500 336.900 199,000 555,700 $147.600 Compute the machine's payback period. (Round your intermediate calculations to 3 decimat places and round payback period answer to 3 decimal places.) 5 Dom Year Net'income Depreciation Net Cash Flow Cumulate Cash Flow 1220.000) invest 5 220.000) 5 Year 2 Year Year 4 Year 5 14.900 36.900 99 000 55.700 147.600 0 0 Payback period = M

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