Acompany is considering the purchase of a new machine for $48,000. management predicts that the machine can produce sales of $16,000 each year for the next 10 years. expenses are expected to include direct materials, direct labor, and factory overhead totaling $12,000 per year including depreciation of $3,000 per year. income tax expense is $1,600 per year based on a tax rate of 40%. what is the payback period for the new machine?
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Acompany is considering the purchase of a new machine for $48,000. management predicts that the mach...
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