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Sheridan, Inc. plans to purchase equipment with a cost of $126000. The company expects annual net cash inflows from the equipment of $27600. The equipment
Sheridan, Inc. plans to purchase equipment with a cost of $126000. The company expects annual net cash inflows from the equipment of $27600. The equipment has an estimated life of 8 years, no estimated salvage life, and a required rate of return is 6%. The payback period for the equipment is closest to O 8.0 years O 15 years. O 4.6 years O 10 year
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