How to calculate Payback period explain this question step by step show all working. What is the

 How to calculate Payback period explain this question step by  step show all working.

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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 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 the full answer