Computation of the payback period of the investment

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Computation of the payback period of the investment.

What is the payback period for Tang Mining Company's new project if its initial cost is $5,000,000 and it is expected to provide cash inflows of $1,800,000 in year 1, $1,900,000 in year 2, $700,000 in year 3 and $1,800,000 in year 4?

Reference no: EM1311054

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