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    Payback period

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    The payback period for a project, requiring an initial outlay of $10,000 and producing ten uniform annual cash inflows of $1,500, is
    six years.
    six years and eight months.
    six years and six months
    seven years.

    © BrainMass Inc. brainmass.com October 9, 2019, 8:38 pm ad1c9bdddf

    Solution Summary

    The solution explains how to calculate the payback period.