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at position 9 A technology firm invests $800,000 in a new development. The project will generate $200,000 in the first year, followed by increments of
at position 9 A technology firm invests $800,000 in a new development. The project will generate $200,000 in the first year, followed by increments of $20,000 each subsequent year (i.e., $220,000 in the second year, $240,000 in the third, and so on). Calculate the payback period of this investment
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