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QUESTION
Christopher Electronics bought new machinery for $5,120,000. This is expected to result in additional cash flows of $1,210,000 over the next 7 years....
Christopher Electronics bought new machinery for $5,120,000. This is expected to result in additional cash flows of $1,210,000 over the next 7 years. What is the payback period for this project? Their acceptance period is 5 years.
