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Business, 21.12.2020 22:20 Sprout7430

Concord Company is considering purchasing new equipment for $379,200. It is expected that the equipment will produce net annual cash flows of $48,000 over its 10-year useful life. Annual depreciation will be $37,920. Compute the cash payback period. (Round answer to 1 decimal place, e. g. 10.5.) Cash payback period

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