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Determine the payback period (in years, round-off to 5 decimal places) at an interest rate of 9% per year for an asset that initially cost
Determine the payback period (in years, round-off to 5 decimal places) at an interest rate of 9% per year for an asset that initially cost $30,000, has a scrap value of $1,700 whenever it is sold, and generates cash flow of $3,100 per year
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