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Barbara is hoping that an investment of ( $ 3 0 , 0 0 0 ) will provide additional revenue to the

Barbara is hoping that an investment of \(\$ 30,000\) will provide additional revenue to the store of \(\$ 18,000\) per year for 3 years. Her partner in crime, Michael, is confident that a larger investment of \(\$ 40,200\) will be required to bring in a steady flow of \(\$ 23,200\) in new revenue per year for 3 years. Determine the discounted payback period for each investment (using before-tax cash flows). The company's required rate of retum is 9\%.(Round present value foctor calculations to 5 decimal places, es.1.25124 and final answers to 2 decimal places eg.15.25.) Click here to view the factor table Whose investment appears to better use the companys resources?

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