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Greenbriar Cotton Mill is spending $284,000 to update its facility. The company estimates that this investment will improve its cash inflows by $60,500 a year

image text in transcribed Greenbriar Cotton Mill is spending $284,000 to update its facility. The company estimates that this investment will improve its cash inflows by $60,500 a year for 8 years. What is the payback period? Multiple Choice 4.03 years 4.69 years 5.48 years 5.62 years 5.86 years

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