Acompany is considering investing in a new equipment that will cost the company $2,260 at time=0. The
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Question:
Acompany is considering investing in a new equipment that will cost the company $2,260 at time=0. The after-tax cash flows are expected to be $672 each year for 17 years. What is the payback period?
Enter your answer rounded off to two decimal points.
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