A project has an initial cost of $75,000, expected net cash inflows
Question # 00661006
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Updated on: 03/13/2018 12:02 PM Due on: 03/13/2018
A project has an initial cost of $75,000, expected net cash inflows of $18,000 per year for 7 years, and a cost of capital of 12%. What is the project's payback period in years?
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Solution: A project has an initial cost of $75,000, expected net cash inflows