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Kyoto Company is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash flows
Kyoto Company is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash flows of $13,000,000, $23,000,000, and 29,000,000 over the next three years. The cost of capital is 20 percent. What is the payback period for this project? Select one: O A. 1.74 years B. 2.21 years C. 1.23 years D. 2.75 years
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