A project costing $20,000 today will produce cash flow of $6,500 per year for seven years.What is
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Question:
A project costing $20,000 today will produce cash flow of $6,500 per year for seven years. What is the payback period of the project?
Multiple choice
3.08 years
3.00 years
2.46 years
2.56 years
.33 years
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Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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