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In projecting net incomes, double declining balance

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Reference no: EM13906029

A machine can be purchased for $ 150,000 and used for 5 years, yielding the following net incomes. In projecting net incomes, double declining balance depreciation is applied, using a 5 year life and a zero salvage value. Compute the machine's payback period (ignore taxes). 

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(Round the payback period to threedecimals.) 

Reference no: EM13906029

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