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Exercise 24-4(Algo) Payback period, unequal cash flows, and depreciation adjustment LO P1 A...

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Accounting

Exercise 24-4(Algo) Payback period, unequal cash flows, and depreciation adjustment LO P1
A machine can be purchased for $130,000 and used for five years, yielding the following income. This income
computation includes annual depreciation expense of $26,000.
Compute the machine's payback period. (Round payback period answer to 2 decimal places.)
Answer is not complete.
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