Micro Industries is investing $6500 in a new coffee vending machine, and expects the following cash flows
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Question:
Micro Industries is investing $6500 in a new coffee vending machine, and expects the following cash flows over the next 4 years -
Year 1 = $800,
Year 2; $1400
Year 3: $2100;
Year 4 $2400,
Year 5 $2400
Determine the exact Payback Period for this project -
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