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Determine the payback period of the project is

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Reference no: EM132943286

Problem 1: A firm is evaluating a proposal which has an initial investment of? $50,000 and has cash flows of? $15,000 per year for five years. The payback period of the project is? ________.

A. 3.3 years

B. 2 years

C. 4 years

D. 1.5 years

Reference no: EM132943286

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