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Question
Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted payback?
r = 10.00%
Year 0 1 2 3
Cash flows -$900 $500 $500 $500
a. 1.88 years
b. 2.09 years
c. 2.29 years
d. 2.52 years
e. 2.78 years
Answer
This answer is hidden. It contains 1 characters.
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