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Blossom Corp. is considering the purchase of a piece of equipment that costs $30000. Projected net annual cash flows over the projects life are: Year

Blossom Corp. is considering the purchase of a piece of equipment that costs $30000. Projected net annual cash flows over the projects life are:

Year Net Annual Cash Flow
1 $8000
2 15000
3 25000
4 9000

The cash payback period is

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