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Jude plans to buy a truck for $100,000. She will lease the truck for $20,000 per year for five years. After five years the salvage
Jude plans to buy a truck for $100,000. She will lease the truck for $20,000 per year for five years. After five years the salvage value is expected to be zero. Assuming a discount rate of 10% what is the discounted payback period of the project? 5 years Project does not pay back Less than 5 years More than 5 years
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