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Figure 1 A Project Requires an Investment of £90,000 in Equipment. Annual

question 47

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Figure 1
A project requires an investment of £90,000 in equipment. Annual cash inflows of £15,000 are expected to occur for the next ten years. No salvage value is expected.
-Refer to Figure 1. If the annual cash inflows occur throughout the year, payback for the project would be


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