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Problem 9-1 Calculating Payback [LO2] What is the payback period for the following set of cash flows? (Do not round intermediate calculations and round
Problem 9-1 Calculating Payback [LO2] What is the payback period for the following set of cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Year Cash Flow 01234 -$5,500 1,550 1,750 2,150 1,650 Payback period 3.58 years
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
