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The following data pertain to an investment proposal made to Burgers R Us: Cost of equipment needed for investment $16,000 Annual cash savings $10,000 Annual

The following data pertain to an investment proposal made to Burgers R Us:

Cost of equipment needed for investment $16,000
Annual cash savings $10,000
Annual depreciation on the equipment $4,000

The payback period of the proposed investment is closest to:

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