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Consider the following cash flows: Time Cash flow 0 -600 1 500 2 200 3 500 4 300 5 100 Use the payback method to
Consider the following cash flows:
Time | Cash flow |
0 | -600 |
1 | 500 |
2 | 200 |
3 | 500 |
4 | 300 |
5 | 100 |
Use the payback method to determine the payback time. Provide at least two digits.
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