A machine can be purchased for $210,000 and used for five years, yielding the following...
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Accounting
A machine can be purchased for $210,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $42,000. Year 1 Year 2 Year 3 Year 4 Year 5 Income $14,200 $35,200 $91,000 $53,100 $140,800 Compute the machines payback period. (Round payback period answer to 2 decimal places.)
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