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Question 1 Calculate the payback period from the given information. A project require an initial investment of 31,000 and generates the following CFs in 5

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Question 1 Calculate the payback period from the given information. A project require an initial investment of 31,000 and generates the following CFs in 5 years. 3 Year 1 CFs 8000 What is the pay back period. 2 10000 4 3000 5 4000 9000 1. Explain the phases of economic development, Choose any country (10 marks)

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