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1. Professor Sandoval bought a business for $20,000. In year 1 it gave him $10,000, year 2 $4,000, year 3 $15,000, year 4, $3,000. What

1. Professor Sandoval bought a business for $20,000. In year 1 it gave him $10,000, year 2 $4,000, year 3 $15,000, year 4, $3,000. What is the payback period?

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