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An analyst has gathered the following data about two projects, each with a 12% required...

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Finance

An analyst has gathered the following data about two projects, each with a 12% required rate of return.

Project A

Project B

Initial cost

$17,000

$17,000

Life

8 years

6 years

Cash inflows

$3,500/year

$4,500/year

The payback period of project A is CLOSEST to:

Group of answer choices

4.3571 years

4.6571 years

4.1571 years

4.7571 years

Answer & Explanation Solved by verified expert
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