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Business, 09.12.2019 20:31 sandyykn6031

The higgins company has just purchased a piece of equipment at a cost of $120,000. this equipment will reduce operating costs by $40,000 each year for the next eight years. this equipment replaces old equipment which was sold for $8,000 cash. the new equipment has a payback period of: a. 8.0 yearsb. 2.8 yearsc. 10.0 yearsd. 3.0 years

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