(Ignore income taxes in this problem.) Houis Inc. is considering the acquisition of a new machine that costs $300,000 and has a useful life of 5 years with no salvage value. The incremental net operating income and incremental net cash flows that would be produced by the machine are: 
-The payback period of this investment is closest to:
A) 1.8 years
B) 5.0 years
C) 2.1 years
D) 2.9 years
Correct Answer:
Verified
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