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Project A requires a $300,000 initial investment for new machinery with a five-year life and a salvage value of $46,500. The company uses straight-line depreciation.

Project A requires a $300,000 initial investment for new machinery with a five-year life and a salvage value of $46,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $28,800 per year for the next five years.

Compute Project A's payback period.

Payback Period
Choose Numerator: / Choose Denominator: = Payback Period
/ = Payback period
= 0

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