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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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