The management team of Relax Spa is considering investing in the Energize & Herbal Bar....
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Accounting
The management team of Relax Spa is considering investing in the Energize & Herbal Bar. The bar will cost $100,000, have a useful life of 5 years, after which it will have no salvage value. The expected cash inflows are as below:
Year Cash Inflows
1 $40,000
2 $50,000
3 $40,000
4 $30,000
5 $25,000
What is the payback period for the project?
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