A project has an initial investment of $5 million, and is expected to yield cash inflows of

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A project has an initial investment of $5 million, and is expected to yield cash inflows of $800,000 per year for the next nine years. The discount rate of the project is 11%. What is the payback period of the project?

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Principles of managerial finance

ISBN: 978-0132479547

12th edition

Authors: Lawrence J Gitman, Chad J Zutter

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Posted Date: Mar 11, 2024 11:51 AM

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A project has an initial investment of $5 million, and is expected to yield cash inflows of

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To calculate the payback period of the project we need to determine the time it takes for the cumula... View the full answer

Principles of managerial finance

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