Question: It will cost $6,650 to acquire a candy-making machine. Candy sales are expected to be $3,700 a year or three years. After the three years,

It will cost $6,650 to acquire a candy-making machine. Candy sales are expected to be $3,700 a year or three years. After the three years, the candy-making machine is expected to be obsolete due to advances in technology which will render the low capacity machinevalueless only after three years. What is the payback period? Initial investment 6,650 Year 1 3,700 Year 2 3,700 Year 3 3,700

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