The Inventive Co. is considering a new project. This project requires an initial cash investment...
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The Inventive Co. is considering a new project. This project requires an initial cash investment of $77,000. The project will generate cash inflows of $22,000 in the first year. Then, the project will do nothing for two years, after which time cash inflows of $29,000 will be generated for four years. How long will it take the Inventive Co. to recover its $77,000 investment? Answer Tolerance: 0.025
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