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Matthew Corporation is adding a new product line that will require an investment of $204,000. The product line is estimated to generate cash inflows of
Matthew Corporation is adding a new product line that will require an investment of $204,000. The product line is estimated to generate cash inflows of $32,000 the first year, $25,000 the second year, and $21,000 each year thereafter for ten more years. What is the payback period? O A. 7.78 years O B. 9.37 years OC. 9 years OD. 9.84 years
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