Question: A company is considering purchasing a machine for $ 8 5 , 0 0 0 . The machine is expected to generate annual income of

A company is considering purchasing a machine for $85,000. The machine is expected to generate annual income of $11,250 per year. Depreciation expense would be $8,500 per year. What is the payback period for this machine?

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The payback period for this machine is approximately 46 years Heres how we can calculate it 1 Calcul... View full answer

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