What is the payback period for project 1

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Reference no: EM133612063

Question content area top The Post Company is considering investing in two alternative projects: Project 1 Project 2 Investment $300,000 $260,000 Useful life (years) 6 8 Estimated annual net cash inflows for useful life $80,000 $70,000 Residual value $36,000 $16,000 Depreciation method Straight-line Straight-line Required rate of return 9% 6% What is the payback period for Project 1?

Reference no: EM133612063

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