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Brady Corp. is considering the purchase of a piece of equipment that costs $20,000. Projected net annual cash flows over the projects life are: Year
Brady Corp. is considering the purchase of a piece of equipment that costs $20,000. Projected net annual cash flows over the projects life are:
Year Net Annual Cash Flow
1 $ 3,000
2 8,000
3 15,000
4 9,000
The cash payback period is
Group of answer choices
2.60 years
2.29 years.
2.40 years.
2.31 years
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