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Alphabet Inc. invests $2 billion in a project that generates annual profits of $400 million. The project's useful life is 15 years, and there is

Alphabet Inc. invests $2 billion in a project that generates annual profits of $400 million. The project's useful life is 15 years, and there is no salvage value.

Required:

  • Calculate the average annual ROI for Alphabet Inc.
  • Determine the payback period for the investment.

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