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Consider a project with an initial outlay of $1,000 and yearly cash flows as follows: -300,...

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Finance

Consider a project with an initial outlay of $1,000 and yearlycash flows as follows: -300, -100, 200, 300, 300, 100, 100, 200,600, 400, and 100. Calculate the classical payback period assuming10% cost of funds. Round your final answer to two decimalplaces.

(please use excel step-by-step showing formulas) (NEED ANSWERASAP)

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Consider a project with an initial outlay of $1,000 and yearlycash flows as follows: -300, -100, 200, 300, 300, 100, 100, 200,600, 400, and 100. Calculate the classical payback period assuming10% cost of funds. Round your final answer to two decimalplaces.(please use excel step-by-step showing formulas) (NEED ANSWERASAP)

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