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Interstate of Return Question 11 The Silverside Company is considering investing in the following project: Investment: $600,000 Useful life: 9 years Estimated annual net cash

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Interstate of Return Question 11 The Silverside Company is considering investing in the following project: Investment: $600,000 Useful life: 9 years Estimated annual net cash inflows for useful life: $70,000 Residual value: $24,000 Required rate of return: 12% What is the payback period for Project 1? 25.00 years 4.73 years 9.38 years 8.57 years

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