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Pham Refrigeration Systems is evaluating a new piece of equipment, which would have an initial...

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Accounting

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Pham Refrigeration Systems is evaluating a new piece of equipment, which would have an initial cost of $1,300,000 and a six-year life. Their equipment would have a salvage value of $200,000 at the end of six years. The cash flow each year from the equipment would be as follows: The payback period is closest to years. 4.503.204.275.735.00

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