what is its initial cash outlay?
Chapter11: Capital Budgeting And Risk
Section: Chapter Questions
Problem 14P
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Question
If the project presented below has a payback period of 3.5 years, what is its initial cash outlay?
Year Project
Year 0 ?
Year 1 P800 million
Year 2 P400 million
Year 3 P300 million
Year 4 P500 million
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