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Posted on Aug 21, 2024

The management of Daytona Industries, an interior design company, is considering a R250 000 investment in a high-quality booking system with the following cash flows:

Year Cash Inflow

1 R 30 000

2 R 60 000

3 R120 000

4 R130 000

5 R160 000

If the company wants to recover its initial investment in year 3, is the investment worthwhile?

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