Oriole, Inc. plans to purchase equipment with a cost of $144000. The company expects annual...
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Oriole, Inc. plans to purchase equipment with a cost of $144000. The company expects annual net cash inflows from the equipment of $33000. The equipment has an estimated life of 8 years, no estimated salvage life, and a required rate of return is 6%. The payback period for the equipment is closest to O 10 year O 8.0 years 44 years O 1.5 years
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