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You are considering making a movie. The movie is expected to cost $10.4 million up front and take a year to produce. After that, it
You are considering making a movie. The movie is expected to cost $10.4 million up front and take a year to produce. After that, it is expected to make $4.6 million in the year it is movie have positive NPV if the cost of capital is 10.7% ? What is the payback period of this investment? The payback period is years. (Round to one decimal place.)
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