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Business, 26.11.2019 06:31 drippyyahja

Given the following information and assuming straight-line depreciation to zero, what is the payback period for this project? the project requires an initial investment of $900,000; has a life of 6 years; produces cost savings of $190,000 per year; has a tax rate of 35 percent; and a discount rate of 9 percent. the fixed assets will be sold for $50,000 at the end of year 6.a) 2.54 yearsb) 3.67 yearsc) 3.93 yearsd) 5.10 yearse) the project never pays back.

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