Help! Newport Corp, is considering the purchase of a new piece of...
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Newport Corp, is considering the purchase of a new piece of equlpment. The cost savings from the equlpment would resalt in an annual increase in cash. flow of $215,000. The equipment will have an initial cost of $1,612,500 and have a 6 year life. There is no salvage value for the equipment. What is the payback period? Multupie choice 080 years 600 yenr 339 years 3.50 years
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