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  3. generate net cash inflows of $320,000 the first ye

generate net cash inflows of $320,000 the first year, $265,000 the...

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Accounting

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generate net cash inflows of $320,000 the first year, $265,000 the socond year, and $230,000 each year thereafter for eight years. The investinent has ne residua value. Compute the payback period: First enter the formula. then calculate the payback period. (Round your answer to two decimal places.)

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