Business, 25.04.2020 00:39, hanahspeers

Jackson Inc. disposes of other companies’ toxic waste. Currently, Jackson loads the waste by hand into a truck, which requires labor of $30 per load. Jackson is considering a machine that would reduce the amount of time needed to load the waste. The machine would cost $318,000 but would reduce labor cost to $5 per load. Assume that Jackson averages 10,600 loads per year. How many years would it take for Jackson to recover the cost of the new machine? (Round your answer to 2 decimal places.)

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