QUESTION 20 John Company could buy a machine that costs $72,000. It is estimated that...
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QUESTION 20 John Company could buy a machine that costs $72,000. It is estimated that it will have annual cash flows of $32,000 for each of five years. If the discount figures are .567 for cash received at the end of five years and 3.605 for payments received every year for five years, what is the payback period for this machine? $13,050 2.5 2.25 $35,360
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