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Find payback period for investment opportunity

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Reference no: EM133046224

Question - Find the Payback period for the following investment opportunity. Initial Cash Investment at the beginning of year 1 is $18,500.

End of the year cash inflows:

Investment opportunity Y

Year 1 $5,480

Year 2 $5,660

Year 3 $5,610

Year 4 $6,960

Reference no: EM133046224

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