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Business, 27.05.2020 19:07 reinabrooke

Diamond Company is considering investing in new equipment that will cost $1,400,000 with a 10-year useful life. The new equipment is expected to produce annual net income of $90,000 over its useful life. Depreciation expense, using the straight-line rate, is $140,000 per year. Compute the cash payback period. (Round answer to 1 decimal places, e. g. 15.2.) Cash payback period Type your answer here

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Diamond Company is considering investing in new equipment that will cost $1,400,000 with a 10-year u...
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