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A car that costs $220,000 (10-year useful life, $20,000 salvage value) will generate after-tax income

Author:
June 7th, 2024

A car that costs $220,000 (10-year useful life, $20,000 salvage value) will generate after-tax income of $30,000 per year after straight-line depreciation. What is the payback period?

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