A company invests $750,000 in a project with the following net cash flows: Year 1: $43,000 Year
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Question:
A company invests $750,000 in a project with the following net cash flows:
- Year 1: $43,000
- Year 2: $48,000
- Year 3: $55,000
- Year 4: $36,000
- Year 5: $74,000
- Year 6: $65,000
In what year does payback occur?
- Year 6
- After Year 6
- Year 4
- Year 5
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