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Jones LLC is investing in a new piece of equipment that costs $300,000. The new equipment would generate cash flows of $200,000 for each of

Jones LLC is investing in a new piece of equipment that costs $300,000. The new equipment would generate cash flows of $200,000 for each of the next three years. Jones uses a discount rate of 12%. What is the payback (in years)?

Select one:

A. 1

b. 1.25

c. 1.50

d. 1.75

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