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(Ignore income taxes in this problem.) A company with $800,000 in operating assets is considering the purchase of a machine that costs $75,000 and which is expected to reduce operating costs by $20,000 each year. The payback period for this machine in years is closest to:
Effectiveness
The degree to which something achieves its intended outcome or results in a desired effect or impact.
Unpleasant Stimulus
A negative or harmful stimulus that causes discomfort or aversion.
Learned Helplessness
A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.
Avoidance Learning
A type of learning in which a subject learns to avoid a stimulus or situation to prevent a negative outcome.
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