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Maps Student Services Academics Career Department IT Support Use the information below to answer the following question(s). Boyle Company is evaluating two possible investments in

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Maps Student Services Academics Career Department IT Support Use the information below to answer the following question(s). Boyle Company is evaluating two possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available: Initial capital investment Estimated useful life Estimated residual value Estimated annual net cash inflow for 3 years Required rate of return Investment AInvestment B $100,000 $150,000 3 years 3 years $10,000 $15,000 $25,000 $40,000 1096 12% How long is the payback period for Investment A at Boyle Company? Select one: A. 3.60 years B. 2.49 years C. 10.00 years D. 4.00 years

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