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Question 16 2 pts Calculate the payback period in years for the following investment: A machine costs $100,000 with installation costs of $15,000. Cash inflows

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Question 16 2 pts Calculate the payback period in years for the following investment: A machine costs $100,000 with installation costs of $15,000. Cash inflows are expected to be 30,703 per year for the next 7 years. (Answer in years, rounded to 2 decimal places)

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