Suppose a project has a 2000000 net investment and net cash


Problem

Suppose a project has a $2,000,000 net investment and net cash flows (NCFs) of $700,000 annually for 7 years. If the investor's required rate of return is 10%, what is the payback of this project?

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Accounting Basics: Suppose a project has a 2000000 net investment and net cash
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