Calculate the payback period for a combine purchased for


Calculate the payback period for a combine purchased for $250,000 if it adds an estimated $40,000 to your net cash flows in harvesting expense savings for the next 4 years, $30,000 per year for years 5 through 8, and has a salvage value of $20,000 at the end of year 8.

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Financial Management: Calculate the payback period for a combine purchased for
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