Determine the payback period of this investment

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Question - Newport Corporation is considering investing $65,000 In equipment to produce a new product The useful service life of the equipment is estimated to be ten years, with no salvage value Straight-line depreciation is used. The company estimates that production and sale of the new product will increase net income by $6,500 per year. Determine the payback period of this Investment?

Reference no: EM133079871

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