You are considering the purchase of an investment that would pay you $2,500 per year for Years
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Question:
You are considering the purchase of an investment that would pay you $2,500 per year for Years 1-4, $1,900 per year for Years 5-7, and $1,500 per year for Years 8-10.If the investment costs you $18,000 and you require a 15 percent rate of return:
What is the project's Payback period?If you require a payback of 5 years, should you take this investment?
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