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(Ignore Income taxes in this problem.) A company with $630,000 in operating assets is considering the purchase of a machine that costs $74,000 and which is expected to reduce operating costs by $20,000 each year. These reductions in cost occur evenly throughout the year. The payback period for this machine In years is closest to: 8.5 years 37 years 31.5 years O 0.27 years 2021 McGraw-Hill Educa