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2. Suppose that two projects each cost $10,000. The first project returns $3,000 a year for 7 years. The second project returns $5,000 a
2. Suppose that two projects each cost $10,000. The first project returns $3,000 a year for 7 years. The second project returns $5,000 a year for two years. Which has the better payback period? Is that the better project to invest in?
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
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