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Grayson Company is considering a purchase of equipment that costs $70,000 and is expected to offer annual cash inflows of $19,000 Grayson's minimum required rate

Grayson Company is considering a purchase of equipment that costs $70,000 and is expected to offer annual cash inflows of $19,000 Grayson's minimum required rate of return is 10%
How many years must the cash flows last for the Investment to be acceptable?

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