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What is payback period for investment for jasmine company

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Reference no: EM132639499

Consider the following data for Jasmine Company:

Year         Investment             Cash Inflow

1                4,000                      1,000

2                                                 0

3                                           2,000

4                2,000                      1,000

5                                             500

6                                           3,000

7                                             2,000

Problem 1: What is the payback period for this investment?

Reference no: EM132639499

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