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A company is considering the purchase of a copier that costs RM50,000. Assume the required rate of return is 10% and the following is the

A company is considering the purchase of a copier that costs RM50,000. Assume the required rate of return is 10% and the following is the cash flow schedule: Year 1: RM20,000 Year 2: RM30,000 Year 3: RM20,000 a) What is the project's payback period?

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