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What is the payback period for this machine

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Question - Champ Pederson has a fixed amount of money to use to purchase a new machine. The cost of the machine is $85,000. The machine is expected to generate a net after-tax income of $11,000 per year which includes depreciation expense of $4,500. What is the payback period for this machine? Check: Payback period is greater than 4 years.

Reference no: EM132193251

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