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Find the payback period for a buying a machine with the following cashflows. MARR is...

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Accounting

Find the payback period for a buying a machine with the following cashflows. MARR is 12%

Init Cost = 128K

AOC= 6.5K

Life of machine 5 yrs

Rev yr 1 and 2= 60K

Rev yr 3 thru 5= 95K

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