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Determine the payback period for the cooling equipment

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Question - Sandy's Soda Co. is planning to purchase new equipment that costs $56,000 and will save on operating costs for the next 5 years as follows: $21,500 in year 1; $23,100 in year 2; $19,000 in year 3; $13,900 in year 4; and $15,200 in year 5. Determine the payback period for the cooling equipment?

Reference no: EM133176995

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