Multiple Choice
A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. The payback of the project is:
A) 1.5 years
B) 2 years
C) 3.3 years
D) 4 years
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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