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Question 10 (5 points) Smith Designs is considering a project that has the following cash flow data. What is the project's payback? Year 0: CF
Question 10 (5 points) Smith Designs is considering a project that has the following cash flow data. What is the project's payback? Year 0: CF = -$900 Year 1: CF = $500 Year 2: CF = $500 Year 3: CF = $500 (Multiple Choice) 1.50 years 1.80 years 2.02 years 1.89 years 1.98 years
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