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Question 7 (1 point) A company can purchase a piece of equipment for $5,580. The equipment has a three-year life and will produce cash inflows

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Question 7 (1 point) A company can purchase a piece of equipment for $5,580. The equipment has a three-year life and will produce cash inflows of $1,800 in each of the first and second years and $4,100 in the third year. What is the project's simple payback period in number of years) assuming that the cash inflows are received uniformly over each respective year? 2.36 2.42 2.48 2.55 2.61 Previous Page Next Page Page 7 of 30

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