Compute project a payback period

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Question - The following information applies to the questions displayed below - Project A requires a $385,000 initial investment for new machinery with a five-year life and a salvage value of $48,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $20,500 per year for the next five years. Compute Project A's payback period.

Reference no: EM132952781

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