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Question 16 Nestor Company is considering the purchase of an asset for $100,000. It is expected to produce the following net cash flows, The cash

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Question 16 Nestor Company is considering the purchase of an asset for $100,000. It is expected to produce the following net cash flows, The cash flows occur evenly throughout each year. Annual Net Cash Flows Year 1 $40,000 Year 2 $40,000 Year 3 Year 4 $35,000 Year 5 $35,000 $30,000 Compute the payback period for this investment. 2.50 years. 2.57 years. 3.00 years. 3.62 years. 2.85 years

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