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What is the payback period for the following set of cash flows? Year Cash Flow 0 $ 6,300 1 2,500 2 2,800 3 2,000 4
| What is the payback period for the following set of cash flows? |
| Year | Cash Flow |
| 0 | $ 6,300 |
| 1 | 2,500 |
| 2 | 2,800 |
| 3 | 2,000 |
| 4 | 3,000 |
Multiple Choice
-
2.80 years
-
2.62 years
-
2.45 years
-
2.52 years
-
2.50 years
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
7th Edition
0030333288, 9780030333286
