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The expected profits from a $1,100,000 investment are $200,000 in year one, $250,000 in year two, $300,000 in years three and four and $200,000 for
The expected profits from a $1,100,000 investment are $200,000 in year one, $250,000 in year two, $300,000 in years three and four and $200,000 for the subsequent five years. What is the investment's payback period in years and months? Multiple Choice 4 years and 3 months 4 years and 4 months 4 years and 6 months 4 years and 9 months 4 years and 1 month
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