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Home Q & A Board Other Fields Homework Help Business Accounting
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Kwami Kwami
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7 years ago
Assume that a project's initial outlay is $1,520,000 and the project is expected to generate a net cash inflow of $125,000 the first year, $245,000 the second year, $350,000 the third year and all subsequent years. What is the company's payback period?
A) 6.0 years.
B) 5.0 years.
C) 5.3 years.
D) 5.5 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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Kwami Author
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#2
7 years ago
Very nice, you've helped tremendously

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