What is the payback period on Popeye's purchase of a new pleasure boat for his...
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What is the payback period on Popeye's purchase of a new pleasure boat for his tourist business? The expected cash flows appear below. (note: payback is in years; round to 2 decimals) Year 0 cash flow = -8,600,000 Year 1 cash flow = 4,100,000 Year 2 cash flow = 3,800,000 Year 3 cash flow = 3,200,000 Year 4 cash flow = 4,000,000 Year 5 cash flow = 2,200,000 Year 6 cash flow = 3,900,000
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