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Hamell Company has gathered the following data on a proposed investment project: Discount rate 10% Life of the project 10 years Initial investment $302,400 Annual
Hamell Company has gathered the following data on a proposed investment project:
| Discount rate | 10% |
| Life of the project | 10 years |
| Initial investment | $302,400 |
| Annual cash inflows | 72,000 |
| Salvage value | 0 |
The payback period for the proposed investment is closest to (Round your answer to 2 decimal places.):
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Whispers In The Auditing Room
Authors: Azhar UL Haque
1st Edition
B0C63ZTK27, 979-8223789352
