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An entrepreneur invests in his dream business of selling golf-carts. The initial investment is $277,133.00. The entrepreneur expects to generate an annual after-tax cash flow
An entrepreneur invests in his dream business of selling golf-carts. The initial investment is $277,133.00. The entrepreneur expects to generate an annual after-tax cash flow of $52,897.00 in running this business. How long before the project will pay back? Answer Format: Number: Round to: 2 decimal places.
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