Question: PLEASE ANSWER IN 10 MINS NEED ASAP WILL RATE GOOD IF SO Jack Sprat Inc. wants to know if they invest 13,908 in new exercise

PLEASE ANSWER IN 10 MINS NEED ASAP WILL RATE GOOD IF SO

Jack Sprat Inc. wants to know if they invest 13,908 in new exercise equipment, plus $2,000 for installation. how long before they will receive their initial invest back from future cash flows? What is the payback period for the initial costs? Projected Cash flows Year 1: 5,000 Year 2: 7,000 Year 3: 4,000 Year 4: 1,000 Post your answer as number of years with 2 decimal places, for example 5.55

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