What is the payback period

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Reference no: EM131794213

Question: The Love Living In Paradise Company wants to calculate how long it will take to recover their initial investment on a project. The end-of-year cash flows are estimated to be: Cost $35,000 Year 1 $10,000 Year 2 $20,000 Year 3 $12,000 Year 4 $ 8,000 What is the payback period?

Reference no: EM131794213

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