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Lamar company invests 2,500,000 in equipment with cash flows of $486,000 per year, discount rate of 10% with a 8 year life. Compute the project's

Lamar company invests 2,500,000 in equipment with cash flows of $486,000 per year, discount rate of 10% with a 8 year life. Compute the project's payback period.

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