What is the payback period of this investment

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Question - Oriole Solutions, Inc., has just invested $5,331,100 in new equipment. The firm uses a payback period criteria of rejecting any project that takes more than four years to recover its costs. Management anticipates cash flows of $763,300, $971,900, $927,300, $1,379,700, $2,277,700, and $1,713,900 over the next six years. What is the payback period of this investment?

Reference no: EM133042715

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