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Problem 4: CVS Pharmacy, Inc. is interested in investing in an in-home care service project. The initial investment for this project is $500,000. The project

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Problem 4: CVS Pharmacy, Inc. is interested in investing in an in-home care service project. The initial investment for this project is $500,000. The project generates inflows of $215,000 for the next 6 years. Using a required rate of return of 12% per year and Discounted Payback method, calculate how long will it take to pay back the investment

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