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QUESTION 6 10 Advance Engineering is considering opening a new location with an initial cost of $398,0000. This location is expected to generate cash flows

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QUESTION 6 10 Advance Engineering is considering opening a new location with an initial cost of $398,0000. This location is expected to generate cash flows of $117,000, $121,000, $126,000, $133,000, and $142,000 in Years 1 to 5. What is the payback period? 2.65 years 2.80 years 3.06 years 3.26 years 3.41 years

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