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Payback: Quebec Ltd is purchasing machinery at a cost of $4,349,387. The company expects, as a result, cash flows of $881,890, $1,232,359, and $2,494,003 over
Payback: Quebec Ltd is purchasing machinery at a cost of $4,349,387. The company expects, as a result, cash flows of $881,890, $1,232,359, and $2,494,003 over the next three years. The payback period is ________years.
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