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how to solve through excel Question 1 A firm is evaluating a proposal which has an initial investment of $50,000 and has cas h flows

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Question 1 A firm is evaluating a proposal which has an initial investment of $50,000 and has cas h flows of $15,000 per year for five years. The payback period of the project is A. 1.5 years B. 2 years C. 3.3 years D. 4 years Answer: C

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