Your firm is considering a capital budgeting project. The required initial outlay is $100,000. The...
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Finance
Your firm is considering a capital budgeting project. The required initial outlay is $100,000. The project is expected to have a useful life of four years. The projected cash flows are as follows:
Year 1 - $25,000
Year 2 - $30,000
Year 3 - $35,000
Year 4 - $40,000
Calculate the Payback Period for this project.
Group of answer choices
3.25 Years
4.00 Years
2.50 Years
3.00 Years
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