Question: New software projects are proposed to a young, start - up company. The project will cost $ 2 5 0 , 0 0 0 to

New software projects are proposed to a young, start-up company. The project will cost $250,000 to develop and is expected to have an annual net cash flow of $40,000. The company is very concerned about their cash flow. Using the payback period, Calculate the payback period for this project.

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