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Consider a project that requires an investment of $22, 500 today and pays $5, 250 per year for ten years. What is the payback period
Consider a project that requires an investment of $22, 500 today and pays $5, 250 per year for ten years. What is the payback period of the project? Assume the cost of capital is 12 percent. a) 4.29 years b) 4.52 years c) 4.71 years d) 4.93 years
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