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Homework answers / question archive / Fred Hammond recently invested in a project that has an expected annual cash inflow of $7,000 for 10 years, and an expected payback period of 3

Fred Hammond recently invested in a project that has an expected annual cash inflow of $7,000 for 10 years, and an expected payback period of 3

Accounting

Fred Hammond recently invested in a project that has an expected annual cash inflow of $7,000 for 10 years, and an expected payback period of 3.6 years. How much did Fred invest in the project?

A. $19,444

  1. $36,000
  2. $25,200
  3. $40,000

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