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1. The manager of a family restaurant is considering a renovation investment that would expand the operation's menu offerings. Given the following information, what are

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1. The manager of a family restaurant is considering a renovation investment that would expand the operation's menu offerings. Given the following information, what are the 1) ARR and 2) the payback period for the proposed investment? Project Cost $43,000 Salvage Annual Cash Flow $7,250 Average Annual Project Income $9,800 $50

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