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Compute the payback period for an investment with the following net cash flows. (Round your...

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Accounting

Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Year Initial investment Net Cash Flows per Year $ (117,000) Cumulative Net Cash Flows $ (117,000) 1. 2. 3. 4. 5. 6. Payback period 11,700 21,700 21,700 28,540 41,700 41,700 4.1 years (105,300) (83,600) (61,900) (33,360) 8,340 50,040

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