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Cullumber, Inc. plans to purchase equipment with a cost of $140000. The company expects annual net cash inflows from the equipment of $31800. The equipment
Cullumber, Inc. plans to purchase equipment with a cost of $140000. The company expects annual net cash inflows from the equipment of $31800. 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 1.0 year 8.0 years. 1.5 years. 44 years
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