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Harwell Printing Co. is considering the purchase of new electronic printing equipment. It would allow...

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Accounting

Harwell Printing Co. is considering the purchase of new electronic printing equipment. It would allow Harwell to increase its net income by $53,253 per year. Other information about this proposed project follows:

Initial investment $ 291,000
Useful life 6 years
Salvage value $ 93,000

Assume straight line depreciation method is used.

1) Calculate the payback period for Harwell

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Payback Period Years

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