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Sparkling Clean, Inc. purchased a new ironing machine that presses shirts in half the time of...

Sparkling Clean, Inc. purchased a new ironing machine that presses shirts in half the time of their old machine. Sparkling Clean invests $125,000 in this machine, and has determined that it will save them $35,000 a year in labor costs. Based on the initial investment and the cash inflow associated with this purchase, what is the payback period for this investment?

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