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If a Project Has an Initial Investment of $20,000 and Consecutive

Question 52

Multiple Choice

If a project has an initial investment of $20,000 and consecutive yearly cash inflows of $5,000,$8000,$10,000 and $7,000,respectively,what is its payback period?


A) 2 years
B) 2.5 years
C) 2.7 years
D) 3 years

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