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Compute the cash payback period for hinton company

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Hinton Company is considering purchasing new equipment for $408,000. It is expected that the equipment will produce annual profit of $76,500 over its 16-year useful life. Annual depreciation will be $25,500.

Problem 1: Compute the cash payback period. (Round answer to 1 decimal place, e.g. 6.9.)

Reference no: EM132670071

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