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Question
Black Friday Inc. has estimated the following cash flows for a project it is considering:| Period | Cash Flow |
| 0 | ($150,000) |
| 1 | $70,000 |
| 2 | $80,000 |
| 3 | ($100,0000) |
a. What is the payback period for this project?
b. What is the obvious problem with using the payback method in this case?
Answer
This answer is hidden. It contains 205 characters.
Related questions
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