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Purchase cost $ 193,000 Annual net cash inflows that will be provided by the boat $ 50,700 Life of the boat 10 years Required: 1-a.

Purchase cost $ 193,000 Annual net cash inflows that will be provided by the boat $ 50,700 Life of the boat 10 years

Required:

1-a. Compute the payback period for the boat. (Round your answer to 1 decimal place.)

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