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Problem (4) A company plans to invest $26,000 in new equipment. The estimated cash outflows and inflows are shown below. What is the simple payback

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Problem (4) A company plans to invest $26,000 in new equipment. The estimated cash outflows and inflows are shown below. What is the simple payback period for this proposal investment? End of Year (EOY) Expected cash flows ($) 0 -18,000 1 -8,000 2-7 8,000 8-12 12,000 13,000 12 Daher

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