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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

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Blossom Company is considering purchasing new equipment for $315,000. It is expected that the equipment will produce net annual cash flows of $45,000 over its 10-year useful life. Annual depreciation will be $31,500. Compute the cash payback period. (Round answer to 1 decimal place, e.g.10.5.)
Cash payback period years
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