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I know the correct answer is 3.82 years, I need detailed steps on how you get this answer. Thanks! Yancy is considering a project which
I know the correct answer is 3.82 years, I need detailed steps on how you get this answer. Thanks!
Yancy is considering a project which will produce cash inflows of $900 a year for 4 years. The project has a 9% required rate of return and an initial cost of $2,800. What is the discounted payback period? 3.18 years 4.18 years 3.82 years 3.11 yearsStep by Step Solution
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