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The management team at Callahan Auto-parts has a policy of only accepting projects with a payback of 4.00 years or less. The company has a
The management team at Callahan Auto-parts has a policy of only accepting projects with a payback of 4.00 years or less. The company has a chance to acquire a new brake pad for their stores. To own the brake pad and produce it, the company will have to pay Tommy Boyd $642,395.00 today. To satisfy their payback rule, what annual cash flow must the brake pad produce?
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