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managment acc The net initial investment for an investment project is $1,500,000. The annual cash inflows are expected to increase by $250,000 per year. The

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The net initial investment for an investment project is $1,500,000. The annual cash inflows are expected to increase by $250,000 per year. The investment has an 8-year useful life. The required rate of return is 15%What is the payback period for this investment? Select one 65 years b. 8 years . 5 years d. 6 years

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