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The Rocketman Store is considering expanding its current line of business and has developed the following expected cash flows for the project. What is the
The Rocketman Store is considering expanding its current line of business and has developed the following expected cash flows for the project. What is the payback period (in years), if the initial cost is $400,000? The company must get all its money back within three years, do you invest? Year Cash Flow 1 $ 145,000 2 $ 165,000 $ 100,000 $ 100,000 $ 145,000 345
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