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Kent Corp considering the purchase of a new piece of equipment, which would have an initial cost of $560,000, a 7-year life, and $150.000 salvage

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Kent Corp considering the purchase of a new piece of equipment, which would have an initial cost of $560,000, a 7-year life, and $150.000 salvage value. The increase in cash flow cach year of the equipment's would be as follows: Year 1 Year 2 Year Year 4 Year 5 Year 6 Year? 5119,000 5111,000 $109,000 5.98,000 0 95.000 $ 90,000 $ 34.000 What is the Dayback period? Mumele Choice 552 v

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