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Stenback, Inc. is evaluating two possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available: Compute

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Stenback, Inc. is evaluating two possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available: Compute the payback period for each investment. Show your calculations and round to one decimal place. Select the formula, then enter the amounts to calculate the payback period for each investment

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