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(a) What is the approximate number of years you would have to sell a mobile phone app to break even if income is estimated to
(a) What is the approximate number of years you would have to sell a mobile phone app to break even if income is estimated to be $50,000 per year, expense is $15,000 per year, your initial investment is $280,000, and your MARR is 10% per year? (b) Find the exact payback period using a spreadsheet function.
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