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Answer the following questions. (Show your work) Chapter 9: Net Present Value and Other Investment Criteria 1) What is the payback period for the following
Answer the following questions. (Show your work)
Chapter 9: Net Present Value and Other Investment Criteria
1) What is the payback period for the following set of cash flows?
Year | Cash Flow |
0 | $-8,300 |
1 | $2,100 |
2 | $3,000 |
3 | $2,300 |
4 | $1,700 |
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