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Business, 20.03.2020 12:04 keasiabrown25

Evergreen Lawnmowers is considering the purchase of a new machine costing $814,000. The company's management is estimating that the new machine will generate additional cash inflows of $194,000 a year for ten years and have a residual value of $52,000 at the end of ten years. What is the machine's payback period? (Round your answer to two decimal places.)

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Evergreen Lawnmowers is considering the purchase of a new machine costing $814,000. The company's ma...
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