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Compute what is payback period for project for mckenna sport

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Reference no: EM133002614

Problem 1: McKenna Sports Authority is getting ready to produce a new line of gold clubs by investing $1.85 million. The investment will result in additional cash flows of $525,000, $827,500, and $1,230,000 over the next three years. What is the payback period for this project?

Reference no: EM133002614

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