Michael Smith Recently Invested in a Project That Has an Expected

question 41

Multiple Choice

Michael Smith recently invested in a project that has an expected annual cash inflow of $7,000 for 10 years,and an expected payback period of 3.6 years.How much did Michael invest in the project?

• A)$19,444
• B)$36,000
• C)$25,200
• D)$40,000

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