What is the project payback

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A company is considering a project that has an up-front cost paid today at t = 0. The project will generate positive cash flows of $56,471 a year at the end of each for the next 6 years. The project's NPV is $96,862 and the company's return on the project is 8 percent. What is the project's payback?

Reference no: EM132589816

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