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Windsor Inc. is contemplating a capital investment of $68000. The cash flows over the projects four years are: Expected Annual Expected Annual Year Cash Inflows

Windsor Inc. is contemplating a capital investment of $68000. The cash flows over the projects four years are:

Expected Annual Expected Annual
Year Cash Inflows Cash Outflows
1 $36000 $10000
2 35000 16000
3 40000 20000
4 30000 24000

The cash payback period is

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