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The five parts of this question all use the same information as follows. You are considering investing in a project which is expected to provide

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The five parts of this question all use the same information as follows. You are considering investing in a project which is expected to provide $160,000 net income per year for each of the next ten years, in return for a $1M up-front investment. There will be no residual value at the end. Your discount rate is 8% per annum. (b) Determine the payback period

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