Jordan Company is considering the purchase of a machine with the following dа ta:
Initial cost $150,000
One-time training cost 12,000
Annual maintenance costs 15,000
Annual cost savings 75,000
Salvage value 20,000
The cash payback period is
A) 2.70 years.
B) 2.50 years.
C) 2.37 years.
D) 2.17 years
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