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14. Stern Associates is considering a project that has the following cash flow data. What is the project's payback period? Year 0 1 2 3
14. Stern Associates is considering a project that has the following cash flow data. What is the project's payback period? Year 0 1 2 3 4 5 Cash flows -$975 $300 $310 $320 $330 $340 a. 2.54 years b. 2.42 years c. 3.83 years d. 3.14 years e. 3.61 years SHOW HOW TO DO IN EXCEL
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