You're thinking of opening a new restaurant in downtown Chicago that even Gordon Ramsay would be proud of. You estimate that opening the restaurant will initially cost $4,300,000. You expect it to generate continuous cash flows of $550,000, $970,000, $2,600,000 and $654,000 per year over the next four years. 

What is the usual payback period for this project?

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To calculate the payback period for the project we need to find the time it takes f... View the full answer