Question: A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. The
A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. The payback period of the project is ________.
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Part 1
A.
2 years
B.
1.5 years
C.
3.3 years
D.
4 years
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