What is the estimated cash payback period for the machine


Crane Company is considering the acquisition of a machine that costs $60,000. The machine is expected to have a useful life of 5 years, a negligible residual value, an annual cash flow of $15,000, and annual operating income of $15,000. What is the estimated cash payback period for the machine?

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Accounting Basics: What is the estimated cash payback period for the machine
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