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Compute the company payback reciprocal

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Question - A machine costing P8,350 yields total cash flows of P.13,100 over 5 years. The following pertains to the annual cash flows using the machine:

Year

Net Cash inflows

1

P1,750

2

2,250

3

2,850

4

3,000

5

3,250

Required - Compute the company payback reciprocal.

Reference no: EM133087640

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