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The Kinser Corporation is considering an investment that has the following data: Year Investment $24,000 $9,000 1 2 3 Cash Inflow $6,000 $6,000 $15,000
The Kinser Corporation is considering an investment that has the following data: Year Investment $24,000 $9,000 1 2 3 Cash Inflow $6,000 $6,000 $15,000 4 $12,000 5 $12,000 Cash inflows occur evenly throughout the year. The payback period for this investment is: Show calculations to defend your answer
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
19th edition
1133957919, 978-1285632988, 1285632982, 978-0357691229, 978-1133957911
