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Marple Industries is evaluating a capital project with a net initial investment of $120,000. The ...
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Marple Industries is evaluating a capital project with a net initial investment of $120,000. The ...
Marple Industries is evaluating a capital project with a net initial investment of $120,000. The project is expected to generate net cash inflows of $15,000 each year. Calculate the payback period for the project.
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Managerial Accounting
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th
Author:
Davis
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$120,000 ÷ $15,000 = 8 years
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