The simple payback period on a new piece of equipment is 10.5 years. If the...
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The simple payback period on a new piece of equipment is 10.5 years. If the new piece of equipment saves you $300 dollars a month, what was the original purchase price of the equipment?
A. $37,800 B. $3,150 C. $34,200 D. $39,600
please explain how to solve this, thank you
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