Find what is the payback period on the project

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Question 1: ABC Inc. is looking at investing in a 3-year project that will create cash inflows of $7,000 in the first year, $8,000 in the second year, and $9,000 in the third year. The cost of this project is $18,000, and the required return is 12%. What is the payback period on this project?

Reference no: EM132498405

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