Question: Exercise 17.6 #4 A capital investment requiring a single initial cash outflow is forecast to have an operating profit of $50,000 per year for five

Exercise 17.6 #4 A capital investment requiring a single initial cash

Exercise 17.6 #4 A capital investment requiring a single initial cash outflow is forecast to have an operating profit of $50,000 per year for five years. There is no salvage value at the end of the five years. If the investment has an IRR of 8%, calculate its payback period. (Round your answer to 1 decimal place.) Payback period years

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