(Answered) Question - monty company is considering buying a machine

Accounting

Question - Monty Company is considering buying a machine for $170000 with an estimated life of 10 years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $3000 each year. The cash payback on this investment is

28.30 years.

11.30 years.

10.00 years.

8.50 years.

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