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Diamond Company is considering investing in new equipment that will cost $1,400,000 with a 10-year useful life. The new equipment is expected to produce net
- Diamond Company is considering investing in new equipment that will cost $1,400,000 with a 10-year useful life. The new equipment is expected to produce net annual cash inflows of $90,000 over its useful life.
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Compute the cash payback period. Show your work.
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