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Flamio Corporation Is Considering a Project That Would Require an Initial

Question 74

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Flamio Corporation is considering a project that would require an initial investment of $210,000 and would last for 6 years.The incremental annual revenues and expenses for each of the 6 years would be as follows: Flamio Corporation is considering a project that would require an initial investment of $210,000 and would last for 6 years.The incremental annual revenues and expenses for each of the 6 years would be as follows: At the end of the project,the scrap value of the project's assets would be $24,000. Required: Determine the payback period of the project.Show your work! At the end of the project,the scrap value of the project's assets would be $24,000.
Required:
Determine the payback period of the project.Show your work!

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