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Question 7 ABC Company is considering an investment that will cost the company $486 at time=0. The after-tax cash flows are expected to be $89

Question 7

ABC Company is considering an investment that will cost the company $486 at time=0. The after-tax cash flows are expected to be $89 each year for 13 years. What is the payback period?

Enter your answer rounded off to two decimal points.

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