p1 Exercise 26-3 (Algo) Payback period and unequal cash flows LO...
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Exercise 26-3 (Algo) Payback period and unequal cash flows LO P1 Beyer Company is considering buying an asset for $400,000. It is expected to produce the following net cash flows. Compute the payback period for this investment. Note: Cumulative net cash outflows must be entered with a minus sign. Round your Payback Period answer to 2 decimal places
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