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Willert Excavating Services has made an investment in certain equipment that cost the company $247,760. The equipment is expected to generate cash inflows of $40,000

Willert Excavating Services has made an investment in certain equipment that cost the company $247,760. The equipment is expected to generate cash inflows of $40,000 each year.

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How many years will the equipment have to be used in order to provide the company with a 12% return on its investment?

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