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The management of Lisbon Corporation is considering a project that would require an investme $282,000 and would last for 6 years. The annual cash inflows
The management of Lisbon Corporation is considering a project that would require an investme $282,000 and would last for 6 years. The annual cash inflows from the project would be $141,000. Depreciation on the project's assets would be $43,000 per year and the scrap value of the assets at the end of 6 years would be $24,000. The payback period of the project is closest to: D 2.6 years C 5.1 years 2.9 years 2.0 years Submit
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