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You are evaluating an investment alternative that costs $ 6 5 , 0 0 0 , is expected to last 7 years, and has a

You are evaluating an investment alternative that costs $65,000, is expected to last 7 years, and has a $6000 salvage value. The investment is expected to generate an operating cash inflow of $17,000 each year for years 1,2, and 3, and $18,000 in years 4,5,6, and 7. The operating cash outflow each year is 2044.a.(4) Calculate the payback period for this investment.

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