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An anticipated purchase of equipment for $600,000, with a useful life of 8 years and no residual value, is expected to yield the following annual

An anticipated purchase of equipment for $600,000, with a useful life of 8 years and no residual value, is expected to yield the following annual net incomes and net cash flows:

image text in transcribed

What is the cash payback period?

a. 5 years
b. 4 years
c. 3 years
d. 6 years

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