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General Electric (GE) is evaluating its investment in a new manufacturing facility. The initial investment for the facility is $10 million. Over the next five
- General Electric (GE) is evaluating its investment in a new manufacturing facility. The initial investment for the facility is $10 million. Over the next five years, the facility is expected to generate annual cash flows of $3 million. Calculate the payback period for the investment in the new manufacturing facility.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
