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17. ABC Company is adding a new product line that will require an investment of $1,000,000. The product line is estimated to generate cash inflows

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17. ABC Company is adding a new product line that will require an investment of $1,000,000. The product line is estimated to generate cash inflows of $300,000 the first year, $250,000 the second year, $200,000 each year for 2 years, and $175,000 thereafter for ten more years. What is the payback period? A. 4.5857 years B. 4.2857 years C. 4.8857 years D. 5.0827 years

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