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Economics

If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:

a) 5 years

b) 4 years

c) One fifth of a year

d) 10 years

e) Insufficient information to determine the payback period

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91373307

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