Question: A firm is evaluating a proposal which has an initial investment of R35 000 and has cash flows of R10 000 in year 1, R20

A firm is evaluating a proposal which has an initial investment of R35 000 and has cash flows of R10 000 in year 1, R20 000 in year 2, and R10 000 in year 3. The payback period of the project is

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