A project that costs $16,000 today will generate cash flows of $3,300 per year for seven years.

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A project that costs $16,000 today will generate cash flows of $3,300 per year for seven years. What is the project's payback period?

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Financial Management Theory and Practice

ISBN: 978-1305632295

15th edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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Posted Date: Mar 01, 2024 12:24 AM

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A project that costs $16,000 today will generate cash flows of $3,300 per year for seven years.

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The payback period for this project is 485 years Heres how to calculate it 1 Track accumulated cash ... View the full answer

Financial Management Theory and Practice

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