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Onxy Onxy
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7 years ago
The manager at Shriver Industrial, a laundry detergent manufacturer, needs to purchase a new machine. The net initial investment of the plan is $291,000. The machine is expected to generate $80,000 in uniform cash flow each year and it has a five-year expected useful life.
Required
Compute the payback period.
A) 4.8 years
B) 2.5 years
C) 3.6 years
D) 4.0 years
E) 3.5 years
Textbook 
Managerial Accounting: Decision Making and Motivating Performance

Managerial Accounting: Decision Making and Motivating Performance


Edition: 1st
Authors:
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lordingtonlordington
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7 years ago
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Onxy Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
julymontalvo
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Yesterday
Correct Slight Smile TY
shimyshiguy
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2 hours ago
Thanks
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