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Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes in this problem.) The company uses straight-line depreciation. Assume cash
Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes in this problem.) The company uses straight-line depreciation. Assume cash flows occur uniformly throughout a year except for the initial investment. The payback period for the investment is closest to: 0.1 years 1.0 years 4.9 years 6.9 years
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