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6 6. Initial investment = ($800,000) Cash flow in year 1 = $250,000 Cash flow in year 2 = $365,000 Cash flow in year 3
6 
6. Initial investment = ($800,000) Cash flow in year 1 = $250,000 Cash flow in year 2 = $365,000 Cash flow in year 3 = $555,000 Calculate the payback period (to 2 decimal places)
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324188004
