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A project has estimated annual net cash flows of $56,100. It is estimated to cost $336,600. Determine the cash payback period. Round the answer to one decimal place. years

A project has estimated annual net cash flows of $56,100. It is estimated to cost $336,600. Determine the cash payback period. Round the answer to one decimal place. years

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter12: Capital Budgeting: Decision Criteria
Section: Chapter Questions
Problem 1P: A project has an initial cost of 40,000, expected net cash inflows of 9,000 per year for 7 years,...
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A project has estimated annual net cash flows of $56,100. It is estimated to cost $336,600. Determine the cash payback period. Round the answer to one decimal place. years
Transcribed Image Text:A project has estimated annual net cash flows of $56,100. It is estimated to cost $336,600. Determine the cash payback period. Round the answer to one decimal place. years
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