A company is considering purchasing equipment costing ($ 75,000). Expected annual net cash flows from this equipment
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A company is considering purchasing equipment costing \(\$ 75,000\). Expected annual net cash flows from this equipment are \(\$ 30,000\), \(\$ 25,000, \$ 18,000, \$ 10,000\), and \(\$ 5,000\). What is this investment's payback period?
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