Suppose that the increase in cash flows was $10,030 in the first year,...
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Suppose that the increase in cash flows was $10,030 in the first year, then decreased by $1,000 each year over the life of the equipment. What is the payback period for the equipment? Note: Round your answer to 2 decimal places
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Suppose that the increase in cash flows was $10,030 in the first year, then decreased by $1,000 each year over the life of the equipment. What is the payback period for the equipment? Note: Round your answer to 2 decimal places 