Amp inc has invested 2165800 on equipment the firm uses, Ask an Expert

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AMP, Inc., has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover costs. The company anticipates cash flows of $436,386, $512,178, $563,255, $764,997, $816,500, and $825,375 over the next six years. What is the payback period?

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Category:- Financial Management
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