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Consider a project with the following cash flows: Year Cash Flow 0 8000 1 5000 2 5000 3 5000 4 5000 Assume the appropriate discount
Consider a project with the following cash flows:
Year | Cash Flow |
0 | 8000 |
1 | 5000 |
2 | 5000 |
3 | 5000 |
4 | 5000 |
Assume the appropriate discount rate for this project is
15%.
The payback period for this project is closest to:
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