Question: ebook Problem 10-05 Payback A project has an initial cost of 650,725, expected net cash inflows of $13,000 per year for 7 years, and a
ebook Problem 10-05 Payback A project has an initial cost of 650,725, expected net cash inflows of $13,000 per year for 7 years, and a cout of capital of 11%. What is the project's payback penod? Round your answer to two decimal places yeon Problem 10-05 Payback A project has an initial cost of $58,725, expected net cash inflows of $11,000 per year for 7 years, and a cost of capital of 11%. What is the project's payback period? Round your answer to two decimal places years
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