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Accounting

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Ribelin Corporation is adding a new product line that will require an investment of $218,000. The product line is estimated to generate cash inflows of $32,000 the first year, $18,000 the second year, and $21,000 each year thereafter for ten more years. What is the payback period?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92808534

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