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?

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment. b. use cash to repurchase some of the company's own stock. c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year. d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash. e. use cash to increase inventory holdings.