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if a proposed expenditure of 70,000 for a fixed asset of 4- year life has an annual expected net cash flow and net income of

if a proposed expenditure of 70,000 for a fixed asset of 4- year life has an annual expected net cash flow and net income of 32,000 and 12,000 respectivley , the cash payback period is 2.5 years ? true or false

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