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A company is considering purchasing a convection oven that costs $5,000. Assume a cost of capital of 10% with the following cash flows; the first
A company is considering purchasing a convection oven that costs $5,000. Assume a cost of capital of 10% with the following cash flows; the first year $3,000, the second year $2,000, and the third year $2,000. How many years until the project is paid back?
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