A company is considering purchasing a machine for 21000 the


A company is considering purchasing a machine for $21,000. The machine will generate an after-tax net income of $2,000 per year. Annual depreciation expense would be $1,500. What is the payback period for the new machine?

A. 4 years.

B. 6 years.

C. 10.5 years.

D. 14 years.

E. 42 years.

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Financial Accounting: A company is considering purchasing a machine for 21000 the
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