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Frameworthy Corporation is adding a new product line that will require an investment of $135,000. The product line is estimated to generate cash inflows of
Frameworthy Corporation is adding a new product line that will require an investment of $135,000. The product line is estimated to generate cash inflows of $25,000 the first year, $20,000 the second year, and $15,000 each year thereafter for ten more years. What is the payback period? A. 8.75 years B. 6.8 years C. 8.33 years D. 8 years
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