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The management of Morrissette Corporation is considering a project that would require an investment of $284,000 and would last for 7 years. The annual net operating income from the project would be $135,000, which includes depreciation of $37,000. The scrap value of the project's assets at the end of the project would be $25,000. what is the payback period of the project ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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