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What is the payback period for Tangshan Mining company's new project if its initial after...

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Finance

What is the payback period for Tangshan Mining company's new project if its initial after tax cost is $5,000,000 and it is expected to provide after-tax operating cash inflows of $3,600,000 in year 1, $2,800,000 in year 2, $700,000 in year 3 and $1,800,000 in year 4? a. 0.5 years b. none of the answers c. 2.5 years d. 1.5 years

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