The BMW Company is considering to purchase a new machine.  Annual cash returns on investment cost of P1,200,000 is expected to be at P220,000.  Useful is estimated at 8 years.  The company's cost of capital is 14% and income tax rate is 35%.  What is the payback reciprocal of the investment? A. 20.5% B. 18.3% C. 11.9% D. 22.2%

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