Question: Mirha Enterprises is analyzing an expansion project with an initial investment of $8,000. The frim is expected to generate cash flows of $4,000 in year

Mirha Enterprises is analyzing an expansion project with an initial investment of $8,000. The frim is expected to generate cash flows of $4,000 in year 1, $5,000 in year 2, $3,000 in year 3 and $2,000 in year 4. What is this project's payback period? 2 years 2.8 years 4 years 1.8 years

Mirha Enterprises is analyzing an expansion project with an initial investment of $8,000. The frim is expected to generate cash flows of $4,000 in year 1,$5,000 in year 2,$3,000 in year 3 and $2,000 in year 4 . What is this project's payback period? 2 years 2.8 years 4 years 1.8 years

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