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The management of Truelove Corporation is considering a project that would require an initial investment...

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Accounting

The management of Truelove Corporation is considering a project that would require an initial investment of $324,980 and would last for 7 years. The annual net operating income from the project would be $28,200, including depreciation of $42,540. At the end of the project, the scrap value of the project's assets would be $27,200. (Ignore income taxes.):

Payback period __________ Years

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