What is the payback period for a $20,000 project that is expected to return $6000 for the

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What is the payback period for a $20,000 project that is expected to return $6000 for the first two years and $3000 for years three through five?

3.67 years

4.50 years

4.67 years

4.76 years

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Feb 27, 2019 01:55 AM

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What is the payback period for a $20,000 project that is expected to return $6000 for the

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Fundamentals of corporate finance

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