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Assume that a company invests cash of $1,000,000 in new project. The cash savings from the new project is expected to be $100,000 per year
Assume that a company invests cash of $1,000,000 in new project. The cash savings from the new project is expected to be $100,000 per year for 10 years. What is the The payback period? Select one: a. 13 years b. 11 years c. 9 years d. 10 years
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