An investment project provides cash flows of $595 per year for 5 years. What is the project payback period if the initial cost is $5,500.
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An investment project provides cash flows of $595 per year for 5 years. What is the project payback period if the initial cost is $5,500.
Annual cash inflow = $595
# of years = 5
Initial cost = $5,500
a. 9.24
b. 0.11
c. 119.00
d. 0.54
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