Calculate the cash payback period

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Reference no: EM133342106

Question: Goodness Company is considering the purchase of a new machine. The invoice price of the machine is $70,020, freight charges are estimated to be $3,060, and installation costs are expected to be $5,580. The annual cost savings are expected to be $18,000 for 10 years. Calculate the cash payback period.

Reference no: EM133342106

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