QUESTION 1 Tomboli S.p.A. is in the process of constructing a new plant at a...

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QUESTION 1 Tomboli S.p.A. is in the process of constructing a new plant at a cost of 30 million. It expects the project to generate cash flown of 13 000 000. 623 000 000 and 29.000 000 over the next three years. The cost of capital is 20 per cent. a. What is the payback period for this project? (10p)

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