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What Is the Payback Period for a $20,000 Project That

Question 87

Multiple Choice

What is the payback period for a $20,000 project that is expected to return $6,000 for the first two years and $3,000 for Years 3 through 5?

A) 3 1/2
B) 4 1/2
C) 4 2/3
D) 5

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