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Please explain how you get the answer to this. Thank you. QS 11-4 (Algo) Payback period and unequal cash flows LO P1 Compute the payback
Please explain how you get the answer to this. Thank you.
QS 11-4 (Algo) Payback period and unequal cash flows LO P1 Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Set Cash Flows Cumulative Net pee Year Cash Flows 5 (102,000) (90,900) Year Initial investment $ 101,000) 10,100 20,100 20.100 26,640 40.100 40,100 (70,800) (50.700) (24,060) 16,040 56,140 Day and years Step by Step Solution
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