Simone Corporation bought a new machine which cost $87,500, has a useful life of 10 years, and will generate annual cash inflows of $25,000. The residual value of the machine is $5,500. What is the payback period?

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The Answer of Simone Corporation bought a new machine which cost $87,500, has a useful life of 10 years, and will generate annual cash inflows of $25,000. The residual value of the machine is $5,500. What is the payback period?

Simone Corporation Bought a New Machine Which Cost $87,500, Has