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Linda is hoping that an investment of $30,000 will provide additional revenue to the store of $18,000 per year for 3 years. Her partner in

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Linda is hoping that an investment of $30,000 will provide additional revenue to the store of $18,000 per year for 3 years. Her partner in crime, Robert, is confident that a larger investment of $40,200 will be required to bring in a steady flow of $22,800 in new revenue per year for 3 years. Determine the discounted payback period for each investment (using before-tax cash flows). The company's required rate of return is 8%. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 2 decimal places e.g. 15.25.) Click here to view the factor table Whose investment appears to better use the company's resources? TABLE 7.1 Future Value of 1 (Future Value of a Single Sum) (PV)= Future value Pavment [(1+R)N11 A)=RPayment(11+RN1) Present Value of an Annuity Due of 1

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