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  3. a. 5.1 years b. 10 years c 3.1 years d. 4.1 years

A. 5.1 years B. 10 years C 3.1 years D. 4.1 years Ambinu Flower...

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Accounting

imageA. 5.1 years

B. 10 years

C 3.1 years

D. 4.1 years

Ambinu Flower Company provides flowers and other nursery products for decorative purposes in medium to large sized restaurants and businesses. The company has been investigating the purchase of a new specially equipped van for deliveries. The van has a value of $213,750 with a ten-year life. The expected additional cash inflows are $52,500 per year. What is the payback period for this investment

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