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Determine the payback period A $400,000 capital investment proposal has an estimated life of four years and no residual value. The estimated net cash flows

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Determine the payback period

A $400,000 capital investment proposal has an estimated life of four years and no residual value. The estimated net cash flows are as follows: Year Net Cash Flow 1 $200,000 2 125,000 3 75,000 4 75.000 The minimum desired rate of return is 12%

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