Question: Facebook is considering two investment projects: Project K and Project L. The following data is available: Project Initial Investment ($) Annual Cash Flows ($) Project
Facebook is considering two investment projects: Project K and Project L. The following data is available:
Project | Initial Investment ($) | Annual Cash Flows ($) | Project Lifespan (Years) |
K | $1,500,000 | $300,000 | 5 |
L | $1,000,000 | $250,000 | 6 |
Calculate the payback period for each project.
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