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Use the following information to answer the following questions. Show work and explanation. 1) What is the payback period? 2) What is the NPV if
Use the following information to answer the following questions. Show work and explanation.
1) What is the payback period?
2) What is the NPV if the discount rate is 20%?
Initial Outlay -$5,000
Year 1 $3,000
Year 2 $3,500
Year 3 $3,200
Year 4 $2,800
Year 5 $2,500
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