Question: 4. The Blue Moon is considering a project with an initial cost of $90,000. The project will produce cash inflows of $23,000 a year for

4. The Blue Moon is considering a project with an initial

4. The Blue Moon is considering a project with an initial cost of $90,000. The project will produce cash inflows of $23,000 a year for the first three years and $19,000 a year for the following three years. What is the payback period? (ANSWER 4.11 years) WhY I Need to add four years rather than 3

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