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Gull Inc. is considering the acquisition of equipment that costs $510,000 and has a useful life of 6 years with no salvage value. The incremental
Gull Inc. is considering the acquisition of equipment that costs $510,000 and has a useful life of 6 years with no salvage value. The incremental net cash flows that would be generated by the equipment are: (Ignore income taxes.) The payback period of this investment is closest to:(Round your intermediate and final answers to 1 decimal place.) 3.3 years 3.1 years 3.7 years 5.2 years
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