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Beyer Company is considering buying an asset for $270,000. It is expected to produce the following net cash flows. Year 1 Year 2 Year 3

Beyer Company is considering buying an asset for $270,000. It is expected to produce the following net cash flows. Year 1 Year 2 Year 3 Year 4 Year 5 Net cash flows $66,000 $39,000 $67,000 $200,000 $22,000 Compute the payback period for this investment

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