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(Ignore income taxes) Ostermeyer Corporation is considering a project that would require an initial investment...

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Accounting

(Ignore income taxes) Ostermeyer Corporation is considering a project that would require an initial investment of $247,000 and would last for 7 years.
The incremental annual revenues and expenses for each of the 7 years would be as follows:
Required: Determine the payback period of the project. Show your work!
\table[[Sales,,$198,000
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