Question: Question 3 The initial investment required for a project to be executed by your company is 600,000. The cash flows for the project for the

Question 3

The initial investment required for a project to be executed by your company is 600,000. The cash flows for the project for the next three years are estimated to be 140,000; 300,000 and 400,000. You are required to calculate the payback period for this project.

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