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Business, 25.06.2019 05:50 taliyahjhonson1

Acompany is considering the purchase of a new machine for $61,000. management predicts that the machine can produce sales of $17,300 each year for the next 10 years. expenses are expected to include direct materials, direct labor, and factory overhead totaling $6,700 per year including depreciation of $5,300 per year. the company's tax rate is 40%. what is the payback period for the new machine?

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