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Business, 10.12.2019 22:31 roshawnandries5471

Globe enterprises purchased a new machine with a total cost of $30,450 and a useful life of 6 years. the machine will produce net cash inflows of $7,250 over its useful life and has a residual value of $2,125. what is the payback period for the new machine?
a. 4.49 years
b. 4.20 years
c. 325 years
d. 3.91 years

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