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11) Payback Method 11 Payback method LO5 Motor Gallery Sales is considering an investment that will require an initial cash outlay of $800 000 to
11) Payback Method
11 Payback method LO5 Motor Gallery Sales is considering an investment that will require an initial cash outlay of $800 000 to construct a new showroom that has a 20-year life. The organisation requires a minimum five-year payback. REQUIRED Assuming the investment generates equivalent annual cash flows, what minimum amount of annual cash flows must the project generate for the company to make the investmentStep by Step Solution
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