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Easy Appliance Inc. is considering a new inventory system that will cost $100,000 (Initial Outlay). The system is expected to generate positive cash flows over

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Easy Appliance Inc. is considering a new inventory system that will cost $100,000 (Initial Outlay). The system is expected to generate positive cash flows over the next four years in the amount of $45,000 in year one, $30,000 in year two, $40,000 in year three, and $35,000 in year four. Easy Appliances' required rate of return is 6%. What is the payback period of this project? OA) 2.56 years B) 2.89 years OC) 2.63 years OD 3.00 years

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