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Business, 05.12.2019 20:31 tonimgreen17p6vqjq

Sparky the electrician specializes in rewiring historic houses. sparky recently purchased a new wire minus−pulling device that will decrease the time to complete each job and increase total revenues. the device will cost $2,608 and will increase net cash flows by $1,630 per year. the new device has a useful life of 7 years and a residual value of $230. what is the payback period for the new wire minus−pulling device?
a. 1.74 years
b. 1.46 years
c. 1.60 years
d. 1.40 years

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