Suppose that a company borrows 600,000 at a rate of 3% per annum to invest in a
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Question:
Suppose that a company borrows 600,000 at a rate of 3% per annum to invest in a long-term project which, after 2 years, will begin to generate a continuous income of 300,000 per annum. Calculate the discounted payback period for the project.
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