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An asset costs $168000 and is expected to have a $42000 salvage value at the end of its 10 -year life. Straight-line depreciation will be

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An asset costs $168000 and is expected to have a $42000 salvage value at the end of its 10 -year life. Straight-line depreciation will be used. The asset is expected to generates net cash inflows of $42000 each year. The cash payback period for the asset is 5 years. 2 years 4 years. 3 years

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