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Derive an analytical relationship between simple payback period and internal rate of return (IRR) over a 15-year assessment period for a project with a single
Derive an analytical relationship between simple payback period and internal rate of return (IRR) over a 15-year assessment period for a project with a single fixed capital payment (K) at the beginning of year 1 and equal constant-dollar annual net benefits over this period (B). Hint: the simple payback period will be K/B.
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