FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A project has an initial cost of $100,000, and cash inflows of $40,000, $30,000, $20,000, $15,000, $10,000, and $10,000 at the end of each of the next 6 years. What is the approximate discounted payback period for this project if the required rate of return is 8%? a. 5 years and 1 month b. 5 years and 3 months c. 5 years and 5 months d. 5 years and 7 months e. 5 years and 9 months

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