Multiple Choice
Assuming that cash flows are received evenly throughout the year,what is the payback period for a project with an initial outlay of $15 000 and cash flows of $4000 p.a.for the next five years?
A) 5 years.
B) 3 years.
C) 3.75 years.
D) 4 years.
Correct Answer:
Verified
Correct Answer:
Verified
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