Pineapple Company is considering a new project that will require an initial cash investment of...
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Pineapple Company is considering a new project that will require an initial cash investment of $150,000. The project will produce no cash flows for the first 2 years. The projected cash flows for years 3 through 7 are $50,000, $100,000, $150,000, $200,000, and $40,000, respectively. How long will it take the firm to recover its initial investment in this project?
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