A company with $720,000 in operating assets is considering the purchase of a machine that costs...

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A company with $720,000 in operating assets is considering the purchase of a machine that costs $80,000 and which is expected to reduce operating costs by $26,000 each year. These reductions in cost occur evenly throughout the year. The payback period for this machine in years is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.) A company with $720,000 in operating assets is considering the purchase of a machine that costs $80,000 and which is expected to reduce operating costs by $26,000 each year. These reductions in cost occur evenly throughout the year. The payback period for this machine in years is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.)

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Cost of machine 80000 Annual reduction in operating costs from machine 26000 ... View the full answer