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How much was the initial investment in the project

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Reference no: EM132711534

Problem 1: Kipling Company has invested in a project that has an eight-year life. It is expected that the annual cash inflow from the project will be$20,000. Assuming that the project has a A PAYBACK PERIOD of 3.8 years, how much was the initial investment in the project?

a. $160,000
b. $99,360
c. $84,000
d. $76,000

Reference no: EM132711534

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