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What is the Payback Period of the following project? Initial Investment: $500,000 Projected Life: 5 Net Cash Flows: Year 1 $50,000 Year 2 $80,000 Year
What is the Payback Period of the following project? Initial Investment: $500,000 Projected Life: 5 Net Cash Flows: Year 1 $50,000 Year 2 $80,000 Year 3 $170,000 Year 4 $200,000 Year 5 $230,000
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