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Jessy Laundry Services has procured a new drying equipment which costs $60,000. It is expected to generate 25,000, 45000, 40000, 20000 and 31000 dollars in revenue throughout its five year lifespan. The drying equipment will be disposed off without any salvage value. When will the laundry company recoup its invested capital given that interest rate is 10 percent
Sagot :
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