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3) Find the payback period of a project with an initial cost of AED 4300 million and following cash inflows for the period 1-4 years.

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3) Find the payback period of a project with an initial cost of AED 4300 million and following cash inflows for the period 1-4 years. The cash inflows are AED 550 million, AED 970 million, AED 2600 million and AED 500 million. 5 Marks

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