Determine what is the investment payback period

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Question - An investment of $700,000 is expected to generate the following cash flows:

Year 1 $200,000

Year 2 $200,000

Year 3 $100,000

Year 4 $200,000

Year 5 $100,000

What is the investment's payback period?

7 years

5 years

3 years

4 years

Reference no: EM131795723

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