Determine whay is the payback period

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Reference no: EM13184415

Whay is the payback period of the following investment when

a) i=0% and

b) i=10%/ year?

Initial Cost ($) 1,000,000

Annual Cost ($) 100,000

Annual income ($) 300,000

salvage Value ($) 500,000

Max Life time: 10 years

Reference no: EM13184415

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