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A company with $735,000 in operating assets is considering the purchase of a machine that costs...

A company with $735,000 in operating assets is considering the purchase of a machine that costs $81,000 and which is expected to reduce operating costs by $27,000 each year. These reductions in cost occur evenly throughout the year. The payback period for this machine in years is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.)

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solutions The payback period for this machine is closest to = 3 years Explanation Paybact Period = = Initial cash outflow Ann

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