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A firm is considering a project that has the following cash flow data. What is the project's payback ? Answer in years to the nearest
A firm is considering a project that has the following cash flow data. What is the project's payback ? Answer in years to the nearest hundredth as in xx.xx.
| Year | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash flows | -$975 | $300 | $310 | $320 | $57 | $76 |
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International Finance
Authors: Maurice D Levi
5th Edition
0415774594, 9780415774598
