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Chapter 13 Problem 7 Payback Period see page 317 for formulas HS Group plans to purchase a new piece of equipment for $200,000 with estimated

Chapter 13

Problem 7 Payback Period see page 317 for formulas HS Group plans to purchase a new piece of equipment for $200,000 with estimated annual cash flows of $15,000 and salvage value of $5,000. Compute the payback period?

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