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An investment project requires a net investment of $95,000. The project is expected to generate annual net cash inflows of $40,000 for the next 3
An investment project requires a net investment of $95,000. The project is expected to generate annual net cash inflows of $40,000 for the next 3 years. The firms cost of capital is 10 percent. Determine the payback period for the project using the discounted cash flow method for determining the payback period. Choose the closest in a, b, c, or d. Select one: a. c. 2,42 years b. a. 3.78 years c. d. 2,85 years d. b 2.22 years
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