Question: Dynamic - Problem and answer changes with each attempt (consider an Excel solution) DenMat Corporation with $ 574,384 in operating assets is considering the

Dynamic - Problem and answer changes with each attempt (consider an Excel solution) DenMat Corporation with $ 574,384 in operating assets is considering the purchase of a machine that costs $ 61,484 and which is expected to reduce operating costs by $ 22,313 each year. These reductions in cost occur evenly throughout the year. The payback period for this machine in years is closest to (Ignore income taxes.): (Round your answer to 2 decimal places.)

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