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A company is considering the purchase of a new machine for $72,000. Management predicts that...

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Accounting

A company is considering the purchase of a new machine for $72,000. Management predicts that the machine can produce sales of $19,500 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $16,400 per year, including depreciation of $4,400 per year. What is the payback period for the new machine

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