What is the payback period

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Question - Suppose a company had an initial investment of $50,000. The cash flow for the next five years are $13,000, $11,000, $10,000, $11,000, and $12,000, respectively. What is the payback period? If the firm accepts projects with payback periods 4 years or less, will this project be accepted?

Reference no: EM133133841

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