Question: A project with the following expected cash flow pattern would have a payback period of years. Initial Investment ( $ 1 0 , 0 0

A project with the following expected cash flow pattern would have a payback period of
years.
Initial Investment ($10,000)
Year 1 inflow $2,000; year 2 inflow $3,000; year 3 inflow $5,000; year 4 inflow $8,000; year 5 inflow $4,000.

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