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Assume the following cash flows for a convenience store project you are considering, the initial...

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Finance

Assume the following cash flows for a convenience store project you are considering, the initial outflow is $653,238 followed by ten operating cash flows $123,550 in years 1 to 10. You will also receive a terminal cash flow of $438,500 also at year 10. Compute the Payback of the project given an interest rate of 12%.

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