Compute the cash payback period

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Question - Hinton Company is considering purchasing new equipment for $664,200. It is expected that the equipment will produce annual profit of $73,800 over its 18-year useful life. Annual depreciation will be $36,900. Compute the cash payback period.

Reference no: EM132955976

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Compute the cash payback period : Hinton Company is considering purchasing new equipment for $664,200. Compute the cash payback period
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