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PROJECT MANAGEMENT A project costs $375,000 and was expected to return $62,500 annually. If the revenue stream is expected to last for eight (8) years,

PROJECT MANAGEMENT

A project costs $375,000 and was expected to return $62,500 annually. If the revenue stream is expected to last for eight (8) years, what is the payback period and its percentage profit (profitable index)?

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$312,500 ; 16.67%

19yrs ; 21.9%

6 years ; 33.33%

8 years ; 16.67%

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