Determine the payback period, Finance Basics

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Determine the payback period

Problem:

A project requires an initial outlay of 100,000 and is expected to generate annual net cash inflows of 28,000 for the next 5 years.

Required:

Question: Determine the payback period?

Note: Please explain comprehensively and give step by step solution.

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Finance Basics: Determine the payback period

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Finance Basics: Determine the payback period

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