Determine the payback period
Question: A company paid 50,000 dollar cash for a capital investment. The company expects the investment to create net cash inflows of dollar 8,400 every year. Determine the payback period of this investment?
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A company paid 50,000 dollar cash for a capital investment. The company expects the investment to create net cash inflows of dollar 8,400 every year. Determine the payback period of this investment.
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