Question: 13. Swaggerty Corporation is considering purchasing a machine that would cost $462,000 and have a useful life of 7 years. The machine would reduce cash

13. Swaggerty Corporation is considering purchasing a machine that would cost

13. Swaggerty Corporation is considering purchasing a machine that would cost $462,000 and have a useful life of 7 years. The machine would reduce cash operating costs by $115,500 per year. The machine would have no salvage value. Required: Compute the payback period for the machine. Compute the simple rate of return for the machine

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