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Rogers Company is studying a project that would have a ten-year life and would require an $1, 300, 000 investment in equipment which has no
Rogers Company is studying a project that would have a ten-year life and would require an $1, 300, 000 investment in equipment which has no salvage value. The project would provide net operating income each year as follows for the life of the project: The company's required rate of return is 8%. What is the payback period for this project? 3.12 years 6.10 years 4.15 years 2.12 years
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