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The company is considering a new computer system that has an inital investment of $50,000....

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Accounting

The company is considering a new computer system that has an inital investment of $50,000. Annual expected cash savings is year 1 =$20,000, year 2 =$36,000 and year 3=$50,000. The company s cost of capital is 8%. What is the discounted payback period? a) 1.83 years b) 2.02 year c) 3 years d) never paid back

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