Question: The Aunt Jamama Corp. is adding a new assembly line at a cost of $8.5 million. The firm expects the project to generate cash flows
The Aunt Jamama Corp. is adding a new assembly line at a cost of $8.5 million. The firm expects the project to generate cash flows of $2 million, $3 million, $4 million and $5 million over the next four years. What is the payback period for this project? 2.875 years 3.1 years 3.4 years 2.75 years
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