Question: A project manager is using the payback method to make the final decision on which project to undertake. The company has a 12% required rate

A project manager is using the payback method to make the final decision on which project to undertake. The company has a 12% required rate of return and expects a 3% rate of inflation for the following four years. What is the non-discounted payback of a project that has cash flows as shown in the table? Annual Cash Flow 0 -$200,000 1 $50,000 2 $60,000 3 $70,000 4 $100,000

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