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Sandhill Company is considering purchasing new equipment for $578,500. It is expected that the equipment will produce netannual cash �ows of $65,000 over its 10-year useful life. Annual depreciation will be $57,850. Compute the cash payback period.(Round answer to 1 decimal place, e.g. 10.5.)
Cash payback period years
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221 HW7 Ch 26 Ch 27
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