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Bonita Corp. is considering the purchase of a piece of equipment that costs $22000. Projected net annual cash flows over the project's life are: Year

Bonita Corp. is considering the purchase of a piece of equipment that costs $22000. Projected net annual cash flows over the project's life are: Year Net Annual Cash Flow 1 $3100 2 8100 3 16100 st 4 9900 The cash payback period is 2.67 years. 2.37 years. 2.39 years. 2.33 years

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