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Omaha Plating Corporation is considering purchasing a machine for $1,500,000. The machine will generate a net after-tax income of $100,000 per year...

Omaha Plating Corporation is considering purchasing a machine for $1,500,000. The machine will generate a net after-tax income of $100,000 per year for 15 years. The firm will use straight-line depreciation for the new machine over 10 years with no residual value. What is the payback period for the new machine?

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