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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

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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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