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QUESTION
A project costing $851,360 is expected to generate cash flows of $100,000 per year for the next 10 years.
A project costing $851,360 is expected to generate cash flows of $100,000 per year for the next 10 years. What is the project's pay back period if cash flows are distributed equally over the year and required rate of return is 7.5%pa?
8.5136 years
8 years
9.7850 Years
9 years
