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A company is considering the purchase of a new piece of equipment for $107,000. It is expected to produce the following net cash flows. The

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A company is considering the purchase of a new piece of equipment for $107,000. It is expected to produce the following net cash flows. The payback period is: 2.40 years. 4.19 years. 3.19 years. 2.93 years. 2.52 years

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