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TB MC Qu. 24-63 (Algo) A project requires a... A project requires a...

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Accounting

TB MC Qu. 24-63 (Algo) A project requires a...

A project requires a $1,476,000 initial investment for new machinery. The project is expected to yield income of $101,000 per year and net cash flows of $360,000 per year for the next five years. The projects payback period is:

Multiple Choice

  • 4.1 years.

  • 3.6 years.

  • 14.6 years.

  • 3.2 years.

  • 5.8 years.

Answer & Explanation Solved by verified expert
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