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A project requires an initial investment of $1,000,000 and then earns net cash inflows of $150,000 per year for 7 years. What is the projects
- A project requires an initial investment of $1,000,000 and then earns net cash inflows of $150,000 per year for 7 years. What is the projects payback period?
- 67 years
- 6 years
- 7 years
- 5 years
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
19th edition
978-0077804770, 78025613, 77804775, 978-0078025617
