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What is the payback of the cash flows that occur

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Reference no: EM133134523

Question - The details of an investment project are:

Life of the project 10 years

Cost of asset bought at the start of the project $100,000

Annual cash inflow $20,000

Cost of capital 8% each year

What is the payback of the cash flows that occur?

Reference no: EM133134523

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