Question: Question 3 : Manufacturing product using hand tools. Tools will cost $ 1 0 0 0 0 and the manufacturing cost per unit will be

Question 3: Manufacturing product using hand tools. Tools will cost $10000 and the manufacturing cost per unit will be $1.50. As an alternative, an automated system will cost $15,000 with a manufacturing cost unit of $0.50. With an anticipated annual volume of 5000 units and neglecting interest, the payback period In years to invest in the automated system is most nearly what?

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