2 A company is planning to purchase a machine that will cost $48.000 with a...
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2 A company is planning to purchase a machine that will cost $48.000 with a six year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected Income statement for each year of the asset's life appears below What is the payback period for this machine? 3701 $ 117,000 Sales Costs Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (40%) Net incon $61,00 8,000 39,eee (188,eee) $ 9,000 (3,600) $ 5,400 Multiple Choice 889 years 158 years
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