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68. Paramount Carpets is considering purchasing new equipment costing $730,000. The company's management has estimated that the equipment will generate cash flows as follows: Year

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68. Paramount Carpets is considering purchasing new equipment costing $730,000. The company's management has estimated that the equipment will generate cash flows as follows: Year 1 $204.000 204,000 266.000 266.000 150,000 g the residual value is zero, calculate the payback period. (Round your answer to two decimal places.)

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