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Brock and Company would like to purchase equipment for its increased demand for production. The business plans to purchase equipment with a cost of $50,000.

Brock and Company would like to purchase equipment for its increased demand for production. The business plans to purchase equipment with a cost of $50,000. The estimated cash inflow for each year is $11,000. The equipment has a useful life of seven years. What is the payback period?

Question 14 options:

4.5 years

7 years

6.5 years

3.5 years

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