Question: Please put answer in bold Find the Payback period for the following investment opportunity. Initial Cash Investment at the beginning of year 1 is $19,000.
Find the Payback period for the following investment opportunity. Initial Cash Investment at the beginning of year 1 is $19,000. End of the year cash Investment opportunity Y inflows: Year 1 $5,500 Year 2 $5,140 Year 3 $5,580 Year 4 $6,810 The answer should be calculated to two decimal places
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