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Business, 20.02.2020 21:35 elmo4851

The net initial investment for a piece of construction equipment is $2,000,000. Annual cash inflows are expected to increase by $400,000 per year. The equipment has an 8-year useful life. The company's hurdle rate is 12%. What is the payback perioda. 8 years
b. 7 years
c. 6 years
d. 5 years

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The net initial investment for a piece of construction equipment is $2,000,000. Annual cash inflows...
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