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The Inventive Co. is considering a new project. This project requires an initial cash investment of $70,000. The project will generate cash inflows of $10,500 in the first year. Then, the project will do nothing for two years, after which time cash inflows of $25,000 will be generated for four years. How long will it take the Inventive Co. to recover its $70,000 investment? 5.16 years 5.38 years 6.11 years 6.62 years 6.94 years

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Accounting Basics, Accounting

Category:- Accounting Basics
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