A machine is purchased for 100000 it has savings of 30000


A machine is purchased for $100,000. It has savings of $30,000 the first year, $20,000 the second year, and $15,000 during years three through six. In year six it is scrapped. What is the payback period for the machine?

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Financial Management: A machine is purchased for 100000 it has savings of 30000
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