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Sunland Corp. is considering the purchase of a piece of equipment that costs $15000. Projected...

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Sunland Corp. is considering the purchase of a piece of equipment that costs $15000. Projected net annual cash flows over the project's life are: Year Net Annual Cash Flow $2000 1 2 8000 3 20000 7000 4 The cash payback period is 2.25 years. 2.53 years. 1.72 years. 2.75 years

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