Find the exact payback period for the following project


Find the exact payback period for the following project without interest.

First cost, $10,000.

Income, $3000/yr

Salvage value, $4,000

Useful life 10 yrs

Maintenance $500 in yr 1 and increasing $200/yr

Show yearly cash flow

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Business Economics: Find the exact payback period for the following project
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