What is the payback period without discounting cash flows

Reference no: EM13281906

Consider the following tem-year project. The initial after-tax outlay or after-tax cost is $1,000,000. The future after-tax cash inflows each year for years 1 through 10 are $200,000 per year. What is the payback period without discounting cash flows?

Reference no: EM13281906

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