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What is the payback period for a project with an initial investment of $150,000 that provides an annual cash inflow of $20,000 for the first
What is the payback period for a project with an initial investment of $150,000 that provides an annual cash inflow of $20,000 for the first three years and $30,000 per year for years four through eight?
A) | 5 years | |
B) | 6 years | |
C) | 7 years | |
D) | 8 years |
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