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15. Coleman Corporation is adding a new product line that will require an investment of $138,000. The product line is estimated to generate cash inflows

15. Coleman Corporation is adding a new product line that will require an investment of $138,000. The product line is estimated to generate cash inflows of $25,000 the first year, $23,000 the second year, and $18,000 each year thereafter for ten more years. The payback period is closest to:
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5.52 years
7.26 years
7.67 years
7.00 years

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