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The McGraw-Hill 36-Hour Course: Finance for Non-Financial Managers 3/E, 3rd Edition by Robert Cooke, Susan Shelly, H. George Shoffner

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*What payback period justifies the purchase of equipment? That will vary with each company. Check with your financial department as to their payback criteria. Usually, if a manager requests a purchase of equipment with a payback period higher than the company’s standard, it will automatically be rejected. So, it pays to find out what that number is.

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