Ocean Wave Packaging is considering a $635,000 investment in new equipment that is anticipated to...

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Ocean Wave Packaging is considering a $635,000 investment in new equipment that is anticipated to produce the following data over a five-year ilfe: Ignoring income taxes and assuming that cash flows occur evenly throughout a year, the equipmenfs approximate paybock period is: Mutiple Cholce 1 years 9 monthe 2 yeers 1 morth. 2 yeen t motes

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