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Krate Inc. is considering a $586,500 investment in new equipment that is anticipated to produce the following net cash inflows: If cash flows occur evenly

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Krate Inc. is considering a $586,500 investment in new equipment that is anticipated to produce the following net cash inflows: If cash flows occur evenly throughout a year, the equipment's payback period is: Multiple Choice 4 years 2 months. 4 years 3 months. 4 years 4 months. 5 years. None of these options is correct

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