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Exercise 10-13A (Algo) Determining the payback period with uneven cash flows LO 10-4 Zachary Company has an opportunity to purchase a forklitt to use in

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Exercise 10-13A (Algo) Determining the payback period with uneven cash flows LO 10-4 Zachary Company has an opportunity to purchase a forklitt to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter, it would be leased to the general public on demand. Zachary would sell it at the end of the fith year of its useful ife. The expected cash inflows and outflows follow: Required a.8b. Determine the payback penod using the accumulated and average cash flows approaches Note: Round your answers to 1 decimal place

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