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Lincoln Trucking Company is trying to decide whether to invest in a project that will require an initial investment of $325,000. Lincoln is concerned about

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Lincoln Trucking Company is trying to decide whether to invest in a project that will require an initial investment of $325,000. Lincoln is concerned about how long it will take to recover his investment. Lincoln estimates annual cash flows from the project as follows: Year Operating Income Annual Net Cash Flows 1 $75,000 $100,000 2 $85,000 $110,000 3 $90,000 $115,000 4 $75,000 $105,000 5 $60,000 $75,000 Question: Calculate the projected payback year that Lincoln can expect to recuperate it's investment. Year 2 Year 4 Year 5 Year 3

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