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Payback period of a micro-sprinkler irrigation system

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What is the payback period of a micro-sprinkler irrigation system that costs $60,000 and has returns of: $25,000 in year one, $20,000 in year two, $15,000 in year three, and $10,000 in year four? All cash outflows occur at the end of the year.

Reference no: EM132509921

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