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Business, 26.07.2019 00:30 darlaaa

The management of charlton corporation is considering the purchase of a new machine costing $380,000. the company's desired rate of return is 6%. the present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212. in addition to the foregoing information, use the following data in determining the acceptability of this investment: year income from operations net cash flow 1 $20,000 $95,000 2 20,000 95,000 3 20,000 95,000 4 20,000 95,000 5 20,000 95,000 the cash payback period for this investment is a. 19 years b. 3.3 years c. 5 years d. 4 years

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