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6. Consider a project with initial investment of $50,000. Cash flows are $30,000, $20,000 and $10,000 annually. What is the payback period of this project?

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6. Consider a project with initial investment of $50,000. Cash flows are $30,000, $20,000 and $10,000 annually. What is the payback period of this project? (5\%) 7. The first initial investment of a project is $200. The cash inflows in the following 3 years are $100,$100 and $100. What is the Internal Rate of Return for this project? (10%)

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