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Beyer Company is considering buying an asset for $ 1 8 0 , 0 0 0 . It is expected to produce the following net

Beyer Company is considering buying an asset for $180,000. It is expected to produce the following net cash flows. Year 1Year 2Year 3Year 4Year 5Net cash flows$60,000$40,000$70,000$125,000$35,000Compute the payback period for this investment.

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