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Calculate the projects payback period in years

A particular project requires an initial investment of $10,000 and is expected to generate future cash flows of $4,000 for Year 1 and $3,000 for years 2 through 5.

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Calculate the project's payback period in years. If required, round to the nearest whole year.

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## Q : What is the direct materials price variance

Bradford Company budgeted 4,200 pounds of material costing $5.4 per pound to produce 2,100 units. The company actually used 6,500 pounds that cost $5.5 per pound to produce 2,100 units.