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The Sunny Valley Wheat Cooperative is considering the construction of a new silo. It will cost $124,000 to construct the silo. Determine the payback period if the expected cash inflows are $16,000 per year. (Enter the final answer to 2 decimal places, e.g. 7.23.)

Payback period years

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M943977

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