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What is the payback period for a project with an initial investment of $100,000 that returns $30,000 per year in revenue, assuming a MARR of

What is the payback period for a project with an initial investment of $100,000 that returns $30,000 per year in revenue, assuming a MARR of 10%? (Hint: Think about the definition of payback period, and dont forget to discount your cash flows). explain your answer, show excel sheet or formula used.


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