Hayden Company is considering the acquisition of a machine that costs $589,000. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual net cash flow of $88,000, and annual operating income of $74,800. What is the estimated cash payback period for the machine (round to one decimal points)
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Hayden Company is considering the acquisition of a machine that costs $589,000. The machine is expec...
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