A company is considering purchasing a machine for $123,000.The machine is expected to generate a net after-tax income of $8,200 per year.Depreciation expense would be $12,300.What is the payback period for this machine?

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The Answer of A company is considering purchasing a machine for $123,000.The machine is expected to generate a net after-tax income of $8,200 per year.Depreciation expense would be $12,300.What is the payback period for this machine?

A Company Is Considering Purchasing a Machine for $123,000