Question: Asking about this question below. Please give me detailed explanations and right answers. Thanks so much! A company estimates it can save $72,000 annually for

Asking about this question below. Please give me detailed explanations and right answers. Thanks so much!

A company estimates it can save $72,000 annually for the next 10 years if it invests in new equipment costing $550,000. Assume all cash flows occur at the end of the year except for initial investments. Red Deer Motors uses straight line depreciation. Required: Calculate the following a. Payback period in years b. Net initial investment c. Average investment

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