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A company is considering purchasing a machine for $16,800. The machine will generate income of...

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Accounting

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A company is considering purchasing a machine for $16,800. The machine will generate income of $2,300 per year. Annual depreciation expense would be $1,700. Whot is the payback period for the new machine? Muttiple Choice 2.2 years. 4.2 years. 7.3 years. 99 voare 2.2 years 42 years. 73 yeark. 29 years. 28.0 years

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