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It will cost $10,000 to acquire an equipment for your factory that is expected to produce cash inflows of $3,600, $5,000, $5,500 and $6,000 over
It will cost $10,000 to acquire an equipment for your factory that is expected to produce cash inflows of $3,600, $5,000, $5,500 and $6,000 over the next four years, respectively. After the four years, the equipment is expected to be worthless. What is the payback period?
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