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Pinecrest is considering a $600,000 investment in new equipment that is anticipated to produce the following net cash inflows: Year Net Cash Inflows 1 $120,000

Pinecrest is considering a $600,000 investment in new equipment that is anticipated to produce the following net cash inflows:

Year Net Cash Inflows

1 $120,000

2 250,000

3 110,000

4 80,000

5 160,000

b. If cash flows occur evenly throughout a year, the equipment's discounted payback period is (discount rate = 10%)::

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