Question: Answer in the same format please thank you very much 37. Payback Period Calculation. Heston Farming Company would like to purchase a harvesting machine for

Answer in the same format please thank you very much 37. Payback Period Calculation. Heston Farming Company would like to purchase a harvesting

Answer in the same format please thank you very much

37. Payback Period Calculation. Heston Farming Company would like to purchase a harvesting machine for $100,ooo. The machine is expected to have a life of 4 years, and a salvage value of $20,o00. Annual maintenance costs will total $28,000. Annual savings are predicted to be $60,000 (this is the same data as the previous exercise). Determine the payback period for this investment using the format shown in Table 8.1 " Calculating the Payback Period for Jackson's Quality Copies

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