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How do you calculate the payback period? Jason, Inc. is considering investing $2,000,000 in a project that is expected to generate $300,000 in net income

image text in transcribedHow do you calculate the payback period?

Jason, Inc. is considering investing $2,000,000 in a project that is expected to generate $300,000 in net income for the next five years. The assets of this project will be depreciated over five years for an annual depreciation expense of $200,000. Calculate the accounting rate of return. Calculate the payback period

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