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You are logged in as karti Question 9 Answer saved Marked out at 1.00 Suppose you are thinking about buying a car to run an

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You are logged in as karti Question 9 Answer saved Marked out at 1.00 Suppose you are thinking about buying a car to run an Uber business. You believe that the cash revenues from this business will be $20.000 per year, assuming everything goes as expected. Total costs (including applicable taxes and tax savings) will be $15.000 per year, yielding an annual cash inflow of $5.000. You will wind down this business in eight years' time, and the car will be worth nothing at that time the project costs $30,000 to lunch including buying the car. We use a 15% discount rate on new projects such as this one. What is the payback period for this Uber business? 2 Flag question Select one Ca. 4 years years C6 years Od cannot be determined based on given information Clear my choice Precious EAC S

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