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Rickos Rickos
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6 years ago
Compute the payback period for a project with the following cash flows, if the company's discount rate is 12%.

Initial outlay = $450
Cash flows:   Year 1 = $325
   Year 2 = $65
   Year 3 = $100

A) 3.43 years
B) 3.17 years
C) 2.88 years
D) 2.6 years
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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6 years ago
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Rickos Author
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#2
6 years ago
You saved my grade for me. I can't thank you enough.
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