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Can you help me An investment that costs $120,000 is estimated to reduce cash operating costs by $40,000 per year for 4 years. The required

Can you help me

An investment that costs $120,000 is estimated to reduce cash operating costs by $40,000 per year for 4 years. The required rate of return is 10 percent. Determine the payback period, assuming inflation is negligible.

About 2.92 years

About 2.66 years

About 3 years

About 2.79 years

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