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New potato chip-making equipment

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Today, Snack Foods, Inc. is investing $323,000 in some new potato chip-making equipment. The company expects the cash flows to increase by $63,000 a year for the next three years and $92,000 a year for the following four years as a result of this investment. How long must the firm wait until it recovers all of its initial investment?

Reference no: EM132043606

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