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Karen is hoping that an investment of $29,800 will provide additional revenue to the store of $17,900 per year for 3 years. Her partner in

Karen is hoping that an investment of $29,800 will provide additional revenue to the store of $17,900 per year for 3 years. Her partner in crime, Paul, is confident that a larger investment of $40,400 will be required to bring in a steady flow of $23,100 in new revenue per year for 3 years Determine the discounted payback period for each investment (using before-tax cashflow). The company;s required rate of return is 8%

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