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If an equipment investment $10000 with a 5-year useful life and provided additional annual sales revenue of $4,500, expenses (excluding depreciation) of 55%, and the

If an equipment investment $10000 with a 5-year useful life and provided additional annual sales revenue of $4,500, expenses (excluding depreciation) of 55%, and the company is in a 20% tax bracket, what is the payback period in years? Straight line depreciation is used. Round your answer to the nearest 2 decimal places

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