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Instructor's Manual to Accompany Project Management for Engineering and Construction 2nd Edition by Oberlender
Edition 2ISBN: 978-0072328882Instructor's Manual to Accompany Project Management for Engineering and Construction 2nd Edition by Oberlender
Edition 2ISBN: 978-0072328882 Exercise 3
The initial investment for a project is $4.7 million. A net annual profit of $1.5 million is anticipated. Using a 12% desired rate of return on the investment, what is the pay back period for the project
Explanation
Verified
Verified
P/A i-n
P = A (xxxxxxxx)
P/A 12-n
P/A = ...
Instructor's Manual to Accompany Project Management for Engineering and Construction 2nd Edition by Oberlender
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