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Newport Corp. is considering the purchase of a new piece of equipment. The cost savings...

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Accounting

Newport Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $200,000. The equipment will have an initial cost of $900,000 and have a 6-year life. There is no salvage value for the equipment. What is the payback period? A. 4.5 years, B. 1.33 years, C. 2.57 years, D. 6 years.

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