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Pharoah Corp. is considering the purchase of a piece of equipment that costs $30000. Projected net annual cash flows over the projects life are: Year

Pharoah Corp. is considering the purchase of a piece of equipment that costs $30000. Projected net annual cash flows over the projects life are: Year Net Annual Cash Flow 1 $ 5000 2 13000 3 20000 4 7000 The cash payback period is

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