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Project A requires a $ 3 7 5 , 0 0 0 initial investment for new machinery. Project A is expected to yield income of

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Project A requires a $375,000 initial investment for new machinery. Project A is expected to yield income of $20,200 per year and net cash flow of $85,600 per year for the next five years. Compute Project A's payback period.
\table[[Payback Period],[Numerator:,I,Denominator:,=,\table[[Payback],[Period]]],[,,,=,Payback period],[,,,=,0]]
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