What is the project-s payback in years
Blanchford Enterprises is considering a project that has the following cash flow data. What is the project's payback in years?
Year
0
1
2
3
Cash Flows
($1,000)
$500
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On February 1, 2012, Pat Weaver Inc. (PWI) issued 8%, $1,200,000 bonds for $1,500,000. PWI retired all of these bonds on January 1, 2013, at 102.
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