Question: Mint Company is considering purchasing a machine with a cost of $ 1 0 , 0 0 0 and a useful life of 2 0

Mint Company is considering purchasing a machine with a cost of $10,000 and a useful life of 20 years. Mint expects the machine to produce net annual cash flows of $2,000 each year. What is the cash payback period of the machine?
multiple choice
2 years
5 years
10 years
0.20 years

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