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Shields Company has gathered the following data on a proposed investment project: Investment Required in Equipment $400,000 Annual Cash Inflows $80,000 Salvage Value $-0- Life

Shields Company has gathered the following data on a proposed investment project:

Investment Required in Equipment

$400,000

Annual Cash Inflows

$80,000

Salvage Value

$-0-

Life of the Investment

10 years

Discount Rate

10%

(Ignore income taxes in this problem.)

The payback period for the investment is closest to which of the following? A. 0.2 years. B. 1.0 years. C. 3.0 years. D. 5.0 years.

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