Question: Explain how you solved please!! A company is considering purchasing a machine that costs $400000 and is estimated to have no salvage value at the

Explain how you solved please!!

A company is considering purchasing a machine that costs $400000 and is estimated to have no salvage value at the end of its 8 -year useful life. If the machine is purchased, annual revenues are expected to be $100000 and annual operating expenses exclusive of depreciation expense are expected to be $38000. The straight-line method of depreciation would be used. The cash payback period on the machine is 7.5 years. 8.0 years. 6.5 years. 3.2 years

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