Question
A $10,000 investment generates cash flows of $1,200 per year for the first four years and $800 per year thereafter. What is the payback period?
A $10,000 investment generates cash flows of $1,200 per year for the first four years and $800 per year thereafter. What is the payback period?
Group of answer choices
8.33 years
None of the other answers is correct
12.5 years
10.5 years
10 years
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Business Communication Essentials
Authors: Courtland Bovee
4th Canadian Edition
0133508706, 978-0133508703
