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What is the payback period for the following set of cash flows? Year Cash Flow 0 $ 5,600 1 1,600 2 2,100 3 1,500 4
| What is the payback period for the following set of cash flows?
|
| Year | Cash Flow |
| 0 | $ 5,600 |
| 1 | 1,600 |
| 2 | 2,100 |
| 3 | 1,500 |
| 4 | 1,600 |
A. 3.55 years
B. 3.25 years
C. 3.27 years
D. 3.41 years
E. 3.20 years
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Personal Finance
Authors: Jack Kapoor
12th Edition
125996776X, 9781259967764
