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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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