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Question(s) / Instruction(s):

 ABC Company is adding a new product line that will require an investment of $1,500,000. The product line is estimated to generate cash inflows of $300,000 the first year, $250,000 the second year, and $200,000 each year thereafter for ten more years. What is the payback period? 

A             2.73 years

B             6.00 years

C             6.75 years

D             7.25 year

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