Question: A project requires a $ 1 , 1 8 0 , 0 0 0 initial investment for new machinery. The project is expected to yield

A project requires a $1,180,000 initial investment for new machinery. The project is expected to yield income of $119,000 per year and net cash flows of $200,000 per year for the next five years. The projects payback period is:5.9 years.1.7 years.9.9 years.3.7 years.4.4 years.

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