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Find the payback period for the following project Project Y Initial Outlay $18,100 Year 1 $5,610 Year 2 $5,880 Year 3 $5,670 Year 4 $7,890
Find the payback period for the following project
| Project Y | |
| Initial Outlay | $18,100 |
| Year 1 | $5,610 |
| Year 2 | $5,880 |
| Year 3 | $5,670 |
| Year 4 | $7,890 |
The answer should be calculated to two decimal places.
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Finance And Financial Intermediation
Authors: Harold L. Cole
1st Edition
0190941707, 978-0190941703
