Question: Please, help me with the calculations and formulas, I need step to step explanation, thank you. Dragon Surgical Center wants to buy equipment for $10,000,

Please, help me with the calculations and formulas, I need step to step explanation, thank you.
Dragon Surgical Center wants to buy equipment for $10,000, with projected
cash flows of $3,000 per year. What is the payback period?
Year Cash Flow Cumulative Cash Flow
Calculate the fraction of the year:
Total Payback period:

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