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Wyoming Cattle Inc. is considering improving the yield from its cattle. It wants to install feeding equipment that dispenses food by measuring each animal's daily
Wyoming Cattle Inc. is considering improving the yield from its cattle. It wants to install feeding equipment that dispenses food by measuring each animal's daily consumption in order to avoid wastage. Its annual cash flows are given as follows: Year 1: $1,050,654 Year 2: $2,099,651 Year 3: $2,287,423 Year 4: $500,645 Year 5: $325,098 Assuming an investment of $6,525,875, which of the following is most likely to be true? The payback period is zero. The project will not payback the original investment. The payback period is five years. The project earns a positive rate of return
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