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Cullumber Inc. is contemplating a capital investment of $68000. The cash flows over the projects four years are: Expected Annual Expected Annual Year Cash Inflows

Cullumber Inc. is contemplating a capital investment of $68000. The cash flows over the projects four years are:
Expected Annual Expected Annual
Year Cash Inflows Cash Outflows
1 $30000 $8000
2 32000 15000
3 40000 20000
4 30000 20000
The cash payback period is

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