Question: Use the table for the question(s) below. Consider a project with the following cash flows: Year 0 1 Cash Flow -11.750 6.958 6.958 6,958 6,958
Use the table for the question(s) below. Consider a project with the following cash flows: Year 0 1 Cash Flow -11.750 6.958 6.958 6,958 6,958 2 3 4 Assume the appropriate discount rate for this project is 14%. Calculate the payback period in years. Round to 1 decimal place. i.e 1.0 for 1.0 years. D
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