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Today, Raspberry Inc. is investing $190,000 in some new candy-making equipment. The company expects the cash flows to increase by $60,000 a year for the

Today, Raspberry Inc. is investing $190,000 in some new candy-making equipment. The company expects the cash flows to increase by $60,000 a year for the next three years and $50,000 a year for the following five years as a result of this investment. How long must the firm wait until it recovers all of its initial investment?

4.12 years

5.81 years

2.39 years

3.20 years

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