Question: 1. IET Inc. is adding a new equipment that will require an investment of $145,700. Managers estimate this investment will generate net cash inflows of

1. IET Inc. is adding a new equipment that will require an investment of $145,700. Managers estimate this investment will generate net cash inflows of $48,570 annually for 5 years. Compute the payback period of this investment to determine whether IET Inc. should purchase the equipment

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