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  3. suppose that the increase in cash flows was $10,03

Suppose that the increase in cash flows was $10,030 in the first year,...

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Accounting

image Suppose that the increase in cash flows was $10,030 in the first year, then decreased by $1,000 each year over the life of the equipment. What is the payback period for the equipment? Note: Round your answer to 2 decimal places

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