Question: Question 10 4 points Save Answer A company is considering buying a new tooling machine to automate the production of shovels. The machine costs $1,000,000.

Question 10 4 points Save Answer A company is considering buying

Question 10 4 points Save Answer A company is considering buying a new tooling machine to automate the production of shovels. The machine costs $1,000,000. Because of the machine, the company will earn an additional $175,000 a year. What is the payback period of this investment in years? pe rsoner ny coat 5.0.0. O 1.5.71 years O 2. 1.75 years O 3. 17.5 years 04. never

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