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A technology firm invest $800,000 in a new development. the project will generate $200,000 in the First year, followed by increments of $20,000 each subsequent

A technology firm invest $800,000 in a new development. the project will generate $200,000 in the First year, followed by increments of $20,000 each subsequent year (i.e., $220,000 In the second year, $240,000 in the third, and so on). calculate the payback period of this investment

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