Firm uses payback period criteria-what is the payback period

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AMP, Inc., has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover costs. The company anticipates cash flows of $448,386, $512,718, $563,755, $764,997, $816,500, and $825,375 over the next six years. What is the payback period?

Reference no: EM131054726

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