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Payson Manufacturing is considering an investment in a new automated manufacturing system. The new system requires an investment of $1,200,000 and either has: a. Even

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Payson Manufacturing is considering an investment in a new automated manufacturing system. The new system requires an investment of $1,200,000 and either has: a. Even cash flows of $300,000 per year or b. The following expected annual cash flows: $150,000,$150,000,$400,000,$400,000, and $100,000. Required: a. years b. years

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