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The Seattle corporation has been presented with an investment opportunity that will yield cash flows of $30,000 per year in years 1 through 3, $35,000

The Seattle corporation has been presented with an investment opportunity that will yield cash flows of $30,000 per year in years 1 through 3, $35,000 per year in years 4 through 9 and $40,000 in year 10. This investment will close the firm $150,000 today; and the firms cost of capital is 10 percent. Assume cash flows occur evenly during the year, 1/365th each day. What is the payback period for this investment

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