Lakeside Incorporated is considering replacing old production equipment with state - of - the - art technology
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Question:
Lakeside Incorporated is considering replacing old production equipment with stateoftheart technology that will allow production cost savings of $ per month. The new equipment will have a fiveyear life and cost $ with an estimated salvage value of $ Lakesides cost of capital is Lakeside Incorporated uses a straightline depreciation method.
Required:
Calculate the payback period and the accounting rate of return for the new production equipment.
Note: Round your answers to decimal places.
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