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Business, 26.06.2019 04:20 mimithurmond03

Dragonfly, inc. is evaluating two possible investments in depreciable plant assets. the company uses the straight-line method of depreciation. the following information is available: investment a investment b initial capital investment $ 105 000 $ 158 000 estimated useful life 10 years 10 years estimated residual value 0 $ 20 000 estimated annual net cash inflow for 10 years $ 30 000 $ 42 000 required rate of return 12% calculate the payback period for investment a. (round your answer to two decimal places.)

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