A project costs Birr 2,000,000 and yields annually a profit of Birr 300,000 after depreciation at 12.5%
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Question:
A project costs Birr 2,000,000 and yields annually a profit of Birr 300,000 after depreciation at 12.5% but before tax at 50%. Calculate the payback period.
Expert Answer:
To calculate the payback period we need to determine how long it takes for the project to generate e... View the full answer
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