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Shane Company is considering an investment in a new product line. Shane Company desires to earn at least a 6% return from an investment of

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Shane Company is considering an investment in a new product line. Shane Company desires to earn at least a 6% return from an investment of $140,000. The investment has the following net cash flows: Year1Year2Year3Year470,00040,00030,00034,000 What is the cash payback period of the investment? 3 years The total net cash flows when added together after 3 years equal the investment amount of $140,000

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