Payback Period (1)

A project requires an initial investment of $400,000 and will generate cash savings of $50,000 each year for the next 9 years. What is the payback period?

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Payback Period (2)

A project requires an initial investment of $750,000 and will have annual revenues of $150,000 and cost of 80,000 the next 9 years. What is the payback period?