Finer Company is considering the acquisition of a machine that costs $150,000.The machine is expected to have a useful life of 6 years,a negligible residual value,an annual cash flow of $30,000,and annual operating income of $35,000.What is the estimated cash payback period for the machine?

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The Answer of Finer Company is considering the acquisition of a machine that costs $150,000.The machine is expected to have a useful life of 6 years,a negligible residual value,an annual cash flow of $30,000,and annual operating income of $35,000.What is the estimated cash payback period for the machine?

Finer Company Is Considering the Acquisition of a Machine That