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How do find what is the payback period

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Reference no: EM132600471

Question 1: Nagle's Machinery is spending $97,500 to update its equipment. This is necessary if the firm wishes to be competitive in the marketplace and provide a wide array of product models. The company estimates that these updates will improve their cash inflows by $18,500 a year for 5 years. What is the payback period?

Reference no: EM132600471

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