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A proposed project has an initial investment of $480,000. Profit projections are $100,000 in year one, $120,000 in years two to five and $140,000
A proposed project has an initial investment of $480,000. Profit projections are $100,000 in year one, $120,000 in years two to five and $140,000 in each of years six to eight. What is the investment's payback period in years and months?
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
