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What is the approximate payback period on this equipment

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Question - Atena Fitness Center is considering an investment in some equipment which has an estimated 10 year useful life and no salvage value. Atena expects net annual cash inflows of $54,000 from this equipment. Atena's internal rate of return on this equipment is 14%. Atena's discount rate is also 14%. What is the approximate payback period on this equipment?

Reference no: EM132958434

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