Determine the payback period of the project
Problem:
A project requires an initial outlay of $100,000, and is expected to generate annual net cash inflows of $28,000 for the next 5 years.
Required:
Question: Determine the payback period of the project.
Note: Please show how to work it out.
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Question: Determine the payback period of the project. Note: Please show how to work it out.
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