Question
A company is determining whether or not to invest in a project of limited duration. The cash flows that correspond to the project are as
A company is determining whether or not to invest in a project of limited duration. The cash flows that correspond to the project are as follows:
Annual Cash Flows
Year 1 $200,000
Year 2 $200,000
Year 3 $200,000
Year 4 $200,000
Year 5 $200,000
The payback period has been determined to be three and one-half years. What is the amount of the initial investment?
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The Access Audit Handbook An Inclusive Approach To Auditing Buildings
Authors: Centre For Accessible Environments
3rd Edition
1914124839, 978-1914124839
