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For Q# 24 to Q#29: Port Huron, Inc operates a toll bridge. It requires $10,000 additional investments to retrofit the bridge The following additional Cash
For Q# 24 to Q#29:
Port Huron, Inc operates a toll bridge.
It requires $10,000 additional investments to retrofit the bridge
The following additional Cash flows are expected for the next 10 years
CF1 = 2,000 CF2 = 2,000 CF3 = 2,500 CF4 = 2,500 CF5 = 3,000
CF6 = 3,000 CF7 = 3,000 CF8 = 3,000 CF9 = 4,000 CF10 = 4,000
The relevant WACC is 12.0%.
What is the Payback Period?
[Answer format; Example: for 9.25 years, just type 9.25 without "years"]
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