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Builtrite is considering the purchase of a machine with the following cash flow diagram: year 0 spend $60,000 year 1 $15,000 year 2 $20,000

Builtrite is considering the purchase of a machine with the following cash flow diagram: year 0 spend $60,000 year 1 $15,000 year 2 $20,000 year 3 $20,000 year 4 $20,000 What is the payback period?

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