Mega Company is considering the purchase of a new machine. The invoice price of the machine is
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Mega Company is considering the purchase of a new machine. The invoice price of the machine is $75,000, freight charges are estimated to be $4,000, and installation costs are expected to be $6,000. The annual cost savings are expected to be $20,000 for 10 years. Calculate the cash payback period.
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Related Book For 
Managerial Accounting Tools For Business Decision Making
ISBN: 9781119403999
5th Canadian Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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