You are evaluating a project with an initial investment of $10.7 million dollars, and expected cash flows

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You are evaluating a project with an initial investment of $10.7 million dollars, and expected cash flows of $8 million dollars each for years 1-3. What is the project's simple payback? The corporate WACC is 9%.

Related Book For answer-question

Financial Management Theory and Practice

ISBN: 978-1305632295

15th edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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Posted Date: Jun 26, 2023 01:40 AM

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You are evaluating a project with an initial investment of $10.7 million dollars, and expected cash flows

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Expert Answer:

To calculate the simple payback period we need to determine how long it takes for the projects cumul... View the full answer

Financial Management Theory and Practice

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