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What is the payback period of an irrigation system that costs $25,000 and has returns of: $12,500 in year one, $10,000 in year two, $7,500
What is the payback period of an irrigation system that costs $25,000 and has returns of: $12,500 in year one, $10,000 in year two, $7,500 in year three, and $5,000 in year four? All cash outflows occur at the end of the year.
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