Given the following annual costs, compute the payback period for the new machine if its...
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Accounting
Given the following annual costs, compute the payback period for the new machine if its initial cost is USD 420,000
Old machineNewmachineDepreciation$ 18,000$ 42,000Labor72,00063,000Repairs21,0004,500Other costs12,0003,600$ 123,000$ 113,10
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