Question: The Aunt Jamama Corp. is adding a new assembly line at a cost of $4.5 million. The firm expects the project to generate cash flows

The Aunt Jamama Corp. is adding a new assembly line at a cost of $4.5 million. The firm expects the project to generate cash flows of $1 million, $2 million, $3 million and $4 million over the next four years. What is the payback period for this project? 27 years 2.9 years 2.5 years 3.1 years

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