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Find out the pay back period

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Question: Miller is evaluating a new project for her firm, basket wonders. She has determined that after tax cash flows for the project will be 10,000, 12000, 15000, 10,000 and 7,000 respectively, for each of the year 1 to 5. Initial cash outlay will be 40,000. Find out the pay back period

Reference no: EM133492777

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