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Home Q & A Board Other Fields Homework Help Business Accounting
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Yukinara Yukinara
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A year ago

Hady Corporation is considering purchasing a machine that would cost $688,800 and have a useful life of 7 years. The machine would reduce cash operating costs by $118,759 per year. The machine would have no salvage value. (Ignore income taxes.)

Required:

a. Compute the payback period for the machine.

b. Compute the simple rate of return for the machine.

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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capsy2capsy2
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A year ago
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