What is the payback period of project

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Red transportation company is considering a new inventory system that will cost $350,000. The system is expected to generate -$50,000 (negative) in year one, $315,000 in year two, $110,000 in year three, and $160,000 in year four. Breck's required rate of return is 10%. What is the payback period of this project?

Reference no: EM133004947

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