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Calculate the simple(no-return) payback period (in number of years) for a project that requires $480,000 of initial cost today, and generates a net cash flow
Calculate the simple(no-return) payback period (in number of years) for a project that requires $480,000 of initial cost today, and generates a net cash flow of $160,000 per year for 10 years, with a $40,000 salvage value at the end of year 10.
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