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3 . An asset costs $ 2 1 0 , 0 0 0 with a $ 3 0 , 0 0 0 salvage value at

3. An asset costs $210,000 with a $30,000 salvage value at the end of its ten-year life.
If annual cash inflows are $30,000, the cash payback period is
a)8 years.
b)7 years.
C)6 vears.
d)5 years.

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