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What is the payback of an investment that requires a 10 percent minimum rate of return and has the following projected cash flows: Yr0 =
What is the payback of an investment that requires a 10 percent minimum rate of return and has the following projected cash flows: Yr0 = -100, Yr1 - 25, Yr2 =35, Yr3 = 45, Yr4 =35, Yr5 = 30? A) 2.88 years B) 3.51 years C) 4.12 years D) 5.22 years
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