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Assume you started a sideline business in commercial photography last year using your then-owned equipment. Due to excellent success, you plan to purchase new equipment

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Assume you started a sideline business in commercial photography last year using your then-owned equipment. Due to excellent success, you plan to purchase new equipment and upgrade your studio facility First cost of equipment, $ -180,000 Annual expenses, $ per year |-45,000 Annual revenue, $ per year 75,000 15 Determine the no-return payback period, os The no-return payback period is years

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