Question: Complete the following problem and submit your answer to Drop Box 6.2. To receive full credit, you must show your work. ABC Company is anticipating

Complete the following problem and submit your answer to Drop Box 6.2. To receive full credit, you must show your work.

ABC Company is anticipating buying a new piece of equipment with a cost of $250,000. The projected cash flows over the useful life of the equipment are $26,500. What is the payback period for this piece of equipment?

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