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The company expects the cash flows to increase by 63000 a

Today, Snack Foods, Inc. is investing $323,000 in some new potato chip-making equipment. The company expects the cash flows to increase by $63,000 a year for the next three years and $92,000 a year for the following four years as a result of this investment. How long must the firm wait until it recovers all of its initial investment?

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Finance Basics: The company expects the cash flows to increase by 63000 a

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Finance Basics: The company expects the cash flows to increase by 63000 a

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