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A company is going to make an investment in assets that cost $16,000. This asset is going to help the company to sell a new

A company is going to make an investment in assets that cost $16,000. This asset is going to help the company to sell a new product generating $30,000 of sales annually. Annually, variable costs are $24,500. What is the closest Payback period for the Return of the Investment?

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