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The following details are provided by a manufacturing company Investment Useful life Estimated annual net cash inflows for first year Estimated annual net cash inflows

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The following details are provided by a manufacturing company Investment Useful life Estimated annual net cash inflows for first year Estimated annual net cash inflows for second year Estimated annual net cash inflows for next ten years Residual value Depreciation method Required rate of return Product line $1,090,000 15 years $420,000 $360,000 $380,000 $70,000 Straight-line 12% Calculate the payback period for the investment. O A. 2.74 years O B. 2.6 years O c. 2.82 years OD. 2.52 years Click to select your answer. Javascript:doExercise (20)

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