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The LoveLivingInParadise 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:
Year 1 $5,000
Year 2 $15,000
Year 3 $12,000
Year 4 $ 8,000
What is the payback period? (Give partial year to two decimal places.?SHOW ALL WORK FOR FULL CREDIT).
Paper#9209656 | Written in 27-Jul-2016Price : $17.85