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Question 6: Yankees Inc. has a required rate of return of 16% and is debating a new investment project that will cost $500,000. The project

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Question 6: Yankees Inc. has a required rate of return of 16% and is debating a new investment project that will cost $500,000. The project will result in cash inflows of $100,000 in year 1, $120,000 in year 2, $120,000 in year 3, $150,000 in year 4, $200,000 in year 5 and $220,000 in year 6. What is the payback period for Yankees Inc. for this investment? ut0ach For 2017, the variable manufacturing costs were $55 per

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