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You are considering opening a new restaurant in downtown Chicago that even Gordon Ramsay would be proud of. You estimate that it will initially cost
You are considering opening a new restaurant in downtown Chicago that even Gordon Ramsay would be proud of. You estimate that it will initially cost $4,300,000 to open up the restaurant. You expect it to produce continuous cash inflows are $550,000, $970,000, $2,600,000, and $654,000 a year over the next four years What is the ordinary payback period for this project?
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