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A company is considering the purchase of equipment for $270,000. Projected annual cash inflow from this equipment is $61,200 per year. The payback period is

A company is considering the purchase of equipment for $270,000. Projected annual cash inflow from this equipment is $61,200 per year. The payback period is a. 0.2 years. C. 4.4 years. e. 3.9 years. b.5.0 years. d. 2.3 years

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