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Business, 03.12.2021 21:10 sihamabdalla591

Payback Period Folsom Advertising, Inc. is considering an investment in a new information system. The new system requires an investment of $1,800,000 and either has Even cash flows of $750,000 per year or The following expected annual cash flows: $450,000, $225,000, $600,000, $600,000, and $150,000. Required: Calculate the payback period for each case. a. fill in the blank 1 years b. fill in the blank 2 years

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