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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Globe Enterprises purchased a new machine with a total cost of $30,450 and a useful life of 6 years. The machine will produce net cash inflows of $7,250 over its useful life and has a residual value of $2,125. What is the payback period for the new machine?
A) 4.49 years
B) 4.20 years
C) 3.91 years
D) 3.25 years
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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#2
4 years ago
Thank you for your help!
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#3
4 years ago
thank you!
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