Question: 2 Payback is often used as a first screening method. By this, we mean that when a capital investment project is being considered, the first
2 Payback is often used as a "first screening method". By this, we mean that when a capital investment project is being considered, the first question to ask is: How long will it take to pay back its cost? BY applying appropriate business tools for the given project B, calculate the payback period for the given project. (10 marks)
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