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Business, 19.04.2021 19:10 breanastone14

Project A requires a $315,000 initial investment for new machinery with a five-year life and a salvage value of $34,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $20,400 per year for the next five years. Compute Project A's payback period.

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Project A requires a $315,000 initial investment for new machinery with a five-year life and a salva...

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