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ABC Corporation is considering investing in a new machine. The cost of the investment is $100,000. The net cash flows resulting from the investment are
ABC Corporation is considering investing in a new machine. The cost of the investment is $100,000. The net cash flows resulting from the investment are as follows: Year 1: $50,000; Year 2: $40,000; Year 3: $100,000. Compute the payback period for this project. Group of answer choices 1 0 3 2.1
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