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Carla Vista, Inc. plans to purchase equipment with a cost of $152000. The company expects annual net cash inflows from the equipment of $35400. The
Carla Vista, Inc. plans to purchase equipment with a cost of $152000. The company expects annual net cash inflows from the equipment of $35400. The equipment has an estimated life of 8 years, no estimated salvage life, and a required rate of return is 6%. The payback period for the equipment is closest to?
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