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place By being a student in this course and participating in this cam, you acknowledge that you are a part of a learning content College

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place By being a student in this course and participating in this cam, you acknowledge that you are a part of a learning content College that is committed to the highest academic standards. As a part of this community, you pledge to uphold the fundamental standards of honey respect, and integrity and accept the responsibility to encourage others to adhere to these standards. The sharing of formation and the exam with other students is a violation of these standards and will result in referral for disciplinary action Question 11 5 pts Monsee Corporation is considering a project that would require an initial investment of $800,000 and would last for 10 years The incremental annual revenues and expenses for each of the years would be as follows. Sales $185,000 Variable Costs $ 75,000 Contribution Margin $110,000 Fixed Expenses Salaries $ 30,000 Rents $ 10,000 Depreciation $ 45,000 Total Fixed Expenses $ 85,000 Net Operating Income $ 25,000 At the end of the project, the salvage value of the project's assets would be $10,000 Required: Determine the payback period of the project. Show your work! Edit Format Table DOLL

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