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Exercise 9-14 The Vermillion Wheat Cooperative is considering the construction of a new silo. It will cost $58,000 to construct the silo. Determine the payback

Exercise 9-14

The Vermillion Wheat Cooperative is considering the construction of a new silo. It will cost $58,000 to construct the silo. Determine the payback period if the expected cash inflows are $14,500 per year.

Payback period _____ years.

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