Payback: Quebec, Inc., is purchasing machinery at a cost of $3,768,966. The companys management expects the machinery
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Payback: Quebec, Inc., is purchasing machinery at a cost of
$3,768,966. The company’s management expects the machinery to produce cash flows of $979,225, $1,158,886, and $1,881,497 over the next three years, respectively. What is the payback period?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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