You spend $92 million on a company. It will generate $76m of revenue in the first year, then>revenue will grow at 4% per year. It will provide a cash return of 10% of revenue in year one, this>will increase by 1% every year (i.e. 11% in year two) up to a maximum of 15%. What is the payback>period in years (rounding up to the nearest year)?
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