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Please show all work. As Chief Financial Officer (CFO), you are responsible for your firm’s investment...

Please show all work.
As Chief Financial Officer (CFO), you are responsible for your firm’s investment choices. You are considering whether or not to choose a project that will require a $15 million investment today and will generate $1 million in Year 1, $3 million in each of Years 2 through 5, $7 million in each of Years 6 through 8, and $12 million in each of Years 9 through 10. The appropriate interest rate is 15%.

Find the discounted payback period.

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jeff jeffy answered 1 year ago
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