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First Choice Carpets is considering purchasing new weaving equipment costing 5718,000. The companys management has estimated $202,000 202,000 260,000 260,000 170,000 Year 1 2 3

First Choice Carpets is considering purchasing new weaving equipment costing 5718,000. The companys management has estimated $202,000 202,000 260,000 260,000 170,000 Year 1 2 3 4 Considering the residual value is zero, calculate the payback period. (Round your answer to tWo decimal places) OA. 3.71 years O B. 321 years O C. 4.57 years O D. 345 years Glick to select your

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