FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The abc company is contemplating the purchase of a new milling machine. The purchase price of the new machine is $60,000 and its annual operating cost is $2,675.40. The machine has a life of 7 years, and it is expected to generate $15,000 in revenues in each year of its life. MARR is set at 20%
a. What is the
b. how much is the
c. The
d. payback period is (2 decimal places)
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