Question: please help and explain steps, asap!! thank you 5-74. A specialized automatic machine costs $300,000 and is expected to save $111,837.50 per year while in

please help and explain steps, asap!! thank you
please help and explain steps, asap!! thank you 5-74. A specialized automatic

5-74. A specialized automatic machine costs $300,000 and is expected to save $111,837.50 per year while in operation. Using a 12% interest rate, what is the discounted payback period? (5.80) a. 4 b. 5 c. 6 d. 7 e. 8

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