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An anticipated purchase of equipment for $1, 200,000, with a useful life of 8 years...

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Accounting

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An anticipated purchase of equipment for $1, 200,000, with a useful life of 8 years and no residual value, is expected to yield the following annual net incomes and net cash flows: What is the cash payback period? a. 5 years b. 4 years c. 6 years d. 3 years

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