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Young Corporation is considering purchasing equipment that costs $110,000 and is expected to provide the following cash intows over is five-year useful tife: Year 1

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Young Corporation is considering purchasing equipment that costs $110,000 and is expected to provide the following cash intows over is five-year useful tife: Year 1 2 3 4 5 Cash Inflow $24,000 $28.000 $30,000 $28,000 $15,000 What is the payback period of this investment project? (Rounded to the nearest year) Multiple Choice 5 years 4 years

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