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Determine Payback Period. It will cost $3,200 to acquire a small ice cream cart. Cart sales are expected to be $1,200 per year for each

Determine Payback Period. It will cost $3,200 to acquire a small ice cream cart. Cart sales are expected to be $1,200 per year for each of the next three years. After the three years, the cart is expected to be worthless. What is the payback period?

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