Question: Alpha Enterprises, Inc. is considering a project that has the following cash flows: Year - Cash flow 0 -$1,000 1 500 2 300 3 700
Alpha Enterprises, Inc. is considering a project that has the following cash flows:
Year - Cash flow
0 -$1,000
1 500
2 300
3 700
4 400
The company's WACC is 10%.What is the project's ordinary payback?Enter your answer rounded to two decimal places.
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