The initial outlay or cost is $1,000,000 for a four-year project. The respective future cash...
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The initial outlay or cost is $1,000,000 for a four-year project. The respective future cash inflows for years 1 2, 3 and 4 are: $500,000, $300,000 $300,000 and $300,000. What is the payback period without discounting cash flows? about 3.67 years about 2.50 years about 2.67 years about 4.50 years
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