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Question 22 2.5 pts A project with an initial outlay of $1,000,000 and free cash flows of $500,000 per year for the next three years

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Question 22 2.5 pts A project with an initial outlay of $1,000,000 and free cash flows of $500,000 per year for the next three years is being evaluated. What is the simple pay-back period of the project? 1 year 2 years 3 years More than 3 years

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