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Novak Company has identified that the cost of a new computer will be $40000, but...

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Accounting

Novak Company has identified that the cost of a new computer will be $40000, but with the use of the new computer, net income will increase by $7000 a year. If depreciation expense is $3000 a year, the cash payback period is:

13.3 years.

10.0 years.

5.7 years.

4.0 years.

q46

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