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 a Useful