Specialist Company Limited is purchasing a production facility at a cost of 21.9 million dollars....
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Specialist Company Limited is purchasing a production facility at a cost of 21.9 million dollars. The company expects the project to generate annual cash flows of 7.8 million dollars over the next five years. Its cost of capital is 18 percent. What is the payback period for this project?
O a. 2.81
O b. 3.81
O c. 2.31
O d. 1.81
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