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QUESTIONS An ice cream packer wants to install a new packaging line for the non-dairy products. The required investment is $102,565 dollars includes material handling

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QUESTIONS An ice cream packer wants to install a new packaging line for the non-dairy products. The required investment is $102,565 dollars includes material handling equipment, mixers, packaging and refrigeration equipment. It is expected that the positive cash flow will be $18,711 dollars per year. If the consideration for the time value of money is 4 percent, what will be the payback period of the project

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