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Question 28 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 28 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 discounted pay-back period of the project at 10% rate? Less than 2 years 2 years More than two years Cannot be determined from the given information

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