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Business, 27.03.2020 04:55 sherlock19

The management of Lanzilotta Corporation is considering a project that would require an investment of $288,000 and would last for 6 years. The annual net operating income from the project would be $136,000, which includes depreciation of $17,000. The scrap value of the project's assets at the end of the project would be $25,600. The cash inflows occur evenly throughout the year. The payback period of the project is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.)

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