Assume that a new packaging machine costs $1,000,000 and promises to replace two workers (valued at...

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Assume that a new packaging machine costs $1,000,000 and promises to replace two workers (valued at $50,000 per year EACH) and save about $5,000 in power costs.if straight-line depreciation over 7 years is assumed, and the corporate tax rate is 30%, estimate the payback period (round answer to next year - e.g. if answer is 4.4 years, submit 5 years). Assume that a new packaging machine costs $1,000,000 and promises to replace two workers (valued at $50,000 per year EACH) and save about $5,000 in power costs.if straight-line depreciation over 7 years is assumed, and the corporate tax rate is 30%, estimate the payback period (round answer to next year - e.g. if answer is 4.4 years, submit 5 years).

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Machine Qoolale a workers valued 500000 D... View the full answer