Clarinet Publishing is considering the purchase of a used printing press costing $25,600. The printing...
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Clarinet Publishing is considering the purchase of a used printing press costing $25,600. The printing oress would generate a net cash inflow of $10,000 a year for 10 years. At the end of 10 years, the oress would have no salvage value. The company uses straight-line depreciation and is tax exempt. How many years will it take for this investment to pay back (rounded to two decimal points)
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