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Apple limited has two project options. The Initial investment in a project is BD 10,00,000 - Project has uneven cash flow as follows in 5

Apple limited has two project options.

The Initial investment in a project is BD 10,00,000

- Project has uneven cash flow as follows in 5 years.

Year 1- BD 200000

Year 2- BD 300000

Year 3- BD 400000

Year 4- BD 100000

Calculate the payback period .(5 marks)

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