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Business, 08.05.2021 01:40 josemartinez2025

The management of Truelove Corporation is considering a project that would require an initial investment of $349,000 and would last for 7 years. The annual net operating income from the project would be $29,400, including depreciation of $45,800. At the end of the project, the scrap value of the project's assets would be $28,400. (Ignore income taxes.) Required: Determine the payback period of the project. (Round your answer to 2 decimal places.)

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