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Sheridan Corp. is considering the purchase of a piece of equipment that costs $20,000. Projected net annual cash flows over the project's life are: Year

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Sheridan Corp. is considering the purchase of a piece of equipment that costs $20,000. Projected net annual cash flows over the project's life are: Year Net Annual Cash Flow 1 $3200 2 7800 3 13500 4 9600 The cash payback period is O 2.23 years. O 2.21 years. O 2.58 years. O 2.42 years

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