EINAS 103 F20 Notes HS MT2.pdf FINA 5103 MT2 Formuals.pdf Microsoft Excel Online...
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EINAS 103 F20 Notes HS MT2.pdf FINA 5103 MT2 Formuals.pdf Microsoft Excel Online Question 19 5 pts You are considering buying a new truck for your small business. The cash outlay (i.e., cost) of the truck is $48200. Your firm's cost of capital is 9.7%. If you buy the truck, after-tax cash flows, including depreciation, would be as follows: Year 1 23 4 5 Cash flows $12400 - $17000 $17000 $17000 Calculate the project's payback period. (Provide your answer as a number with two decimal places.)
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