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Burwinkel Corporation is considering a project that would require an investment of $252,000 and would last for 7 years. The incremental annual revenues and expenses generated by the project during those 7 years would be as follows:

The scrap value of the project's assets at the end of the project would be $28,000. The payback period of the project is closest to:

A. 1.1 years

B. 1.3 years

C. 1.4 years

D. 1.5 years

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9415347

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