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UBC Telecommunications laid a transatlantic fibre-optic cable costing $520 million. If the firm makes a net yearly profit of $50 million, calculate the payback period

UBC Telecommunications laid a transatlantic fibre-optic cable costing $520 million. If the firm makes a net yearly profit of $50 million, calculate the payback period in years. Suppose a discount rate for the investment is provided, is the discounted payback always less than the regular payback

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