What is the? machine payback? period

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Question - Evergreen Lawnmowers is considering the purchase of a new machine costing $840,000. The? company's management is estimating that the new machine will generate additional cash inflows of $196,000 a year for ten years and have a residual value of $50,000 at the end of ten years. What is the? machine's payback? period?

Reference no: EM133160337

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