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Business, 01.12.2020 16:50 rosieposie27

If an asset costs $16,000, has an expected useful life of 8 years, is expected to have a $2,000 salvage value and generates net annual cash inflows of $2,000 a year, the cash payback period is:. A) 8 years.
B) 7 years.
C) 6 years.
D)5 years.

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