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Use the following data: A company is considering the purchase of a copier that costs $5000. Assume a required rate of return of 10% and

Use the following data: A company is considering the purchase of a copier that costs $5000. Assume a required rate of return of 10% and the following cash flow schedule: . Year 1:$3,000 . Year 2:$2,000 . Year 3:$2,000 What is the project's payback period?

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