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Beyer Company is considering the purchase of an asset for $190,000. It is expected to produce the following net cash flows. The cash flows occur
Beyer Company is considering the purchase of an asset for $190,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. 2 Year 1 Year 2 Year 3 Year 4 Year 5 Total points Net cash flows $50, 000 $31,000 $60, 000 $140, 000 $30, 000 $311, 000 eBook Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus sign. Round your Payback Period answer to 2 decimal place.) Hint Print Cash Inflow Cumulative Net Year (Outflow) Cash Inflow References (Outflow) O S (190,000) 5 Payback period =
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