Inexacta Enterprises wants to compute the payback on a $100,000 capital investment that is projected to produce $23,850 in after-tax cash inflows each year for the next five years and has a 7% salvage value at the end of the fifth year. What is the payback period in years?

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To compute the payback period for the 100000 capital investment we need to determine how long it tak... View the full answer