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Home Q & A Board Other Fields Homework Help Business Accounting
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LiChan LiChan
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7 years ago
Assume that a project's initial outlay is $60,000 and the project is expected to generate a net cash inflow of $16,000 per year. What is the company's payback period?
A) 4.00 years
B) 3.50 years.
C) 3.75 years.
D) 3.00 years.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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LiChan Author
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#2
7 years ago
Was looking for this exact answer, thanks
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