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Nestor Company is considering the purchase of an asset for $160,000. It is expected to...

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Accounting

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Nestor Company is considering the purchase of an asset for $160,000. It is expected to produce the following net cash flows The cash flows occur evenly throughout each year Year 1 Year 2 Year 3 Year 4 Year 5 Annual Net Cash Flows $61,000 $61,800 $47,000 $47,800 $42,880 Compute the payback period for this investment

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