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Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $13,000, $10,000, $13,000, $12,000, and $14,000,
Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $13,000, $10,000, $13,000, $12,000, and $14,000, respectively. In which year will the company recover its initial investment? Number (Enter only whole numbers) How much extra money beyond the initial investment will the company earn in that year? Number What is the payback period? Number (Enter your answer rounded to 2 DECIMAL PLACES)
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
