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Lewis Manufacturing Company Is Planning to Invest in Equipment Costing

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Lewis Manufacturing Company is planning to invest in equipment costing £240,000. The estimated cash flows from this equipment are expected to be as follows: Assume that the cash inflows occur evenly over the year. The payback period for this investment is
Lewis Manufacturing Company is planning to invest in equipment costing £240,000. The estimated cash flows from this equipment are expected to be as follows: Assume that the cash inflows occur evenly over the year. The payback period for this investment is   A)  3.75 years B)  3.25 years C)  2.4 years D)  1.3 years

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