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3. A new machine will provide the following net annual cash inflows. If the cost of the machine is $12,000, what is the payback period?

3. A new machine will provide the following net annual cash inflows. If the cost of the machine is $12,000, what is the payback period? Year Cash Inflow $ 1,345 2,605 4,509 5,219 4,481 3,823 3,500

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