Question: ABC Toy Company is considering adding another toy mold for its manufacturing unit. The mold would cost $550,000. It would have an estimated life of

ABC Toy Company is considering adding another toy mold for its manufacturing unit. The mold would cost $550,000. It would have an estimated life of 5 years and no reclaim value. The company estimates that annual revenues would increase by $250,000 and that annual expenses would increase by $100,000. The cash payback period is

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