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Norton Corporation is considering a 6 year project having an initial investment of $150,000. The project will provide cash inflows of $25,000 for the first
Norton Corporation is considering a 6 year project having an initial investment of $150,000. The project will provide cash inflows of $25,000 for the first 3 years and $60,000 during the last 3 years. Given this information, calculate the project's payback Multiple Choice 4.50 years 400 years 3.75 years 4.25 years
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