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  3. suppose the initial investment is $60,000, and the

Suppose the initial investment is $60,000, and the cash flows are $20,000 in the first...

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Accounting

Suppose the initial investment is $60,000, and the cash flows are $20,000 in the first year and $80,000 in the second. What is the payback period?

1 year

18 months

2 years

Answer & Explanation Solved by verified expert
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