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Find the Payback period for the following project: Project Y Initial Outlay $19,000 Year 1 $5,950 Year 2 $5,040 Year 3 $5,250 Year 4 $6,560
Find the Payback period for the following project:
|
| Project Y |
| Initial Outlay | $19,000 |
| Year 1 | $5,950 |
| Year 2 | $5,040 |
| Year 3 | $5,250 |
| Year 4 | $6,560 |
The answer should be calculated to two decimal places.
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Agricultural Finance
Authors: Charles Moss
1st Edition
0415599075, 978-0415599078
