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Calculate the payback period of the project

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Question - Company A is planning to undertake a project requiring initial investment of $30 million and is expected to generate $5 million in Year 1, $12 million in Year 2, $15 million in Year 3, $20 million in Year 4 and $25 million in Year 5. Calculate the payback period of the project?

Reference no: EM132912145

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