You are evaluating a project that is expected to cost $10.6 million up front and...
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You are evaluating a project that is expected to cost $10.6 million up front and take a year to produce. After that, it is expected to make $4.7 million in the year it is released and $2.1 million for the following four years. What is the payback period of this investment? What is the payback period of this investment? The payback period is years. (Round to one decimal place.)
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