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Compute what is the payback period for a project

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A project requires an initial investment of $324,980 and its expected life is 7 years. Net operating income from the project is expected to be $28,200 each year, including depreciation of $42,540. The salvage value of the assets is expected to be $27,200 at the end of the life of the project.

Problem 1: Ignoring income taxes, the payback period is:

Reference no: EM132958490

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