Question: Roxxon Inc. is considering a project that will require an initial investment of $600,000. The company's CFO wants to know how long it will take

Roxxon Inc. is considering a project that will require an initial investment of $600,000. The company's CFO wants to know how long it will take to recover its initial investment in the project. The project's expected net cash flows are: Year Cash Flow 1 $300,000 2 $700,000 3 $400,000 a. 1.43 years b. 1.70 years c. 1.24 years d. 1.15 years.

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