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Beyer Company is considering the purchase of an asset for $400,000. It is expected to produce the following net cash flows. The cash flows occur
Beyer Company is considering the purchase of an asset for $400,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1 $8e, eee Year 2 $80,000 Year 3 $7e,eee Year 4 $200,eee Year 5 $15, eee Total $445, eee Net cash flows Compute the payback period for this investment. (Cumulative net cash outfiows must be entered with a minus sign. Round your Payback Period answer to 2 decimal place.) Cumulative NetT Cash Inflow I Outflow Cash Intlow (Outflow SEER (400.000) Payback period
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