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Mary has a Project with an initial a cashoutlay of $10,000.Her project has an initial cash flow of $10,000 in year 1, followed by $1,000
Mary has a Project with an initial a cashoutlay of $10,000.Her project has an initial cash flow of $10,000 in year 1, followed by $1,000 each year for years 2 and 3. Use the payback method to calculate how many years it will take for each project to recoup the initial investment.
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