Question: How to calculate Payback period explain this question step by step show all working. What is the payback period for the following project: Initial investment:

How to calculate Payback period explain this question step by step show all working.
What is the payback period for the following project: Initial investment: $100 million First year cash flows: $46 million Second year cash flows: $44 million Third year cash flows: $44 million Fourth year cash flows: $37 million
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The payback period is the length of time required to recover the initial investment in a project To ... View full answer
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