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Retsac Company is considering an investment of $20,000 in an automated teaching robot. Retsac's cost of capital is 6%. Retsac anticipates the following net cash

Retsac Company is considering an investment of $20,000 in an automated teaching robot. Retsac's cost of capital is 6%. Retsac anticipates the following net cash inflows from the teaching robot:

Year 1$5,000

Year 2$8,000

Year 3$14,000

Year 4$14,000

Calculate the cash payback period for the teaching robot. Calculate the net present value for the teaching robot. Use the appropriate table.

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