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Blossom Company is considering purchasing new equipment for $ 3 1 5 , 0 0 0 . It is expected that the equipment will produce
Blossom Company is considering purchasing new equipment for $ It is expected that the equipment will produce net annual cash flows of $ over its year useful life. Annual depreciation will be $ Compute the cash payback period. Round answer to decimal place, eg
Cash payback period years
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