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Stanton Industries provides the following data for one of its investments: Initial investment $250,000 Annual cash inflow 74,000 Salvage value after 7 years 22,000 Depreciation
Stanton Industries provides the following data for one of its investments:
Initial investment
$250,000
Annual cash inflow
74,000
Salvage value after 7 years
22,000
Depreciation method
straight line
Payback period = _________ yrs.
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