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Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value Discount rate $440,000 $ 77,000 20 years $ 0 13% The
Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value Discount rate $440,000 $ 77,000 20 years $ 0 13% The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. The payback period for the investment would be
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