Project requires an initial cash investment

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The Inventive Co. is considering a new project. This project requires an initial cash investment of $75,000. The project will generate cash inflows of $24,000 in the first year. Then, the project will do nothing for two years, after which time cash inflows of $32,000 will be generated for four years. How long will it take the Inventive Co. to recover its $75,000 investment?

Reference no: EM13972590

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