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What is the payback period

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Reference no: EM132903434

Question - Julie Miller is evaluating a new project for her firm, Basket Wonders (BW). She has determined that the after-tax cash flows for the project will be $15,000; $18,000; $20,000; $15,000; and $10,000, respectively, for each of the Years 1 through 5. The initial cash outlay will be $50,000. What is the Payback Period?

Reference no: EM132903434

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