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Mendez Company is considering a capital project that costs $16,000. The project will deliver the following cash flows: Year 4 Year 5 Year 1 Year

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Mendez Company is considering a capital project that costs $16,000. The project will deliver the following cash flows: Year 4 Year 5 Year 1 Year 2 Year 3 $8,000 $6,000 5,000 $6,000 $5,000 Using the incremental approach, the payback period for the investment is

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