Question: A company invests 2 0 0 , 0 0 0 dollars in a new project. The project is expected to generate uniform annual cash inflows

A company invests 200,000 dollars in a new project. The project is expected to generate uniform annual cash inflows of $24088 for the next 18 years. Calculate the Payback Period (in years, expressed in two decimals) for this investment [ignoring time value of money]. The discount rate is 15% per year.

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