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ShoGun Sushi buys a piece of equipment for $109,536 that will last for 4 years. The equipment will generate operating cash flows of $34,000 per

ShoGun Sushi buys a piece of equipment for $109,536 that will last for 4 years. The equipment will generate operating cash flows of $34,000 per year and will have no salvage value at the end of its life. The income tax rate is 30%. Straight line depreciation is used. What is the payback period?

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