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Carr Company is considering a capital investment proposal. Estimates regarding the project are provided below: Project Soup Initial investment $380,000 Annual net income $ 9,000

Carr Company is considering a capital investment proposal. Estimates regarding the project are provided below: Project Soup Initial investment $380,000 Annual net income $ 9,000 Net annual cash inflow $95,000 Estimated useful life 5 years Salvage value $50,000 What is the payback period for Project Soup? 4 years. 12 years. 18 years. 5 years

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