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A firm is considering a project that requires an immediate investment of $520. The project will then produce two cash inflows of $100 followed
A firm is considering a project that requires an immediate investment of $520. The project will then produce two cash inflows of $100 followed by two more cash flows: one of $705 and one of $340. What is the payback period of this project?
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The payback period is the time it takes to recover the initial investment We need to f...
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
