Question: The Mansford Co. Evaluates projects using payback.Suppose that a project requiring an outlay of $816 dollars is followed by the following inflows for the next
The Mansford Co. Evaluates projects using payback.Suppose that a project requiring an outlay of $816 dollars is followed by the following inflows for the next four years:
Year1312
Year2459
Year369
Year4275
What is the payback for this projectto two significant places?
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