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A firm is considering an investment project with the following cash flows: Year 0 = -$120,000 (initial costs); Year 1= $40,000; Year 2 =$90,000; and
A firm is considering an investment project with the following cash flows: Year 0 = -$120,000 (initial costs); Year 1= $40,000; Year 2 =$90,000; and Year 3 = $30,000. The company has a 9% cost of capital. What is the projects payback? Group of answer choices 1.67 years 1.76 years 1.89 years 2.49 years
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