(Answered) Problem nestor company is considering the purchase of an

Finance

Problem: Nestor Company is considering the purchase of an asset for $100,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year.

Annual Net Cash Flows
Year 1	$40,000
Year 2	$40,000
Year 3	$35,000
Year 4	$35,000
Year 5	$30,000

Compute the payback period for this investment.

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