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(Ignore income taxes in this problem.) The management of Helberg Corporation is considering a project that would require an investment of $223,000 and would last
(Ignore income taxes in this problem.) The management of Helberg Corporation is considering a project that would require an investment of $223,000 and would last for 6 years. The annual net operating income from the project would be $107,000, which includes depreciation of $16,000. The scrap value of the project's assets at the end of the project would be $27,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to: |
1.8 years
2.1 years
1.5 years
1.7 years
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