Build Corporation wants to purchase a new machine for $306,000. Management predicts that the machine can produce sales of $203,000 each year for the next 8 years. Expenses are expected to include direct materials, direct labor, and factory overhead (excluding
What is the payback period for the new machine (rounded to nearest one-tenth of a year)? (Assume that the
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2.4 years.
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2.6 years.
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3.0 years.
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3.5 years.
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4.1 years.
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