Cheyenne Company is considering the purchase of a machine with an estimated useful life of 5 years
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Question:
Cheyenne Company is considering the purchase of a machine with an estimated useful life of 5 years with the following data: Initial cost $220000 One-time training cost 31200 Annual maintenance costs 22000 Annual cost savings 110000 Salvage value 28600
The cash payback period is 2.79 years. 2.50 years. 2.85 years. 2.33 years.
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