7.3 Determine the payback period for an equipment purchase that has a first cost of...
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7.3 Determine the payback period for an equipment purchase that has a first cost of $400,000, a salvage value of $80,000 anytime within 10 years of its purchase, operations and maintenance costs of $80,000 per year, generates income of $140,000 per year, if the required return is 8% per year.
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