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A project has the following costs and benefits. What is the payback period (Be exact to 1 decimal place)? PLEASE EXPLAIN WITHOUT THE USE OF
A project has the following costs and benefits.
What is the payback period (Be exact to 1 decimal place)?
PLEASE EXPLAIN WITHOUT THE USE OF EXCEL.
| Year | Cost | Benefits |
| 0 | $30,000 | |
| 1-3 | $15,000 each year | $12,000 each year |
| 4 | $7,000 | $3,000 |
| 5-10 | $11,000 each year |
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Economics
Authors: John Sloman, Jon Guest, Dean Garratt
10th edition
1292187859, 9781292187907 , 978-1292187853
