Corporate Finance
Corporate Finance
3rd Edition
ISBN: 9780132992473
Author: Jonathan Berk, Peter DeMarzo
Publisher: Prentice Hall
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Chapter 7, Problem 19P
Summary Introduction

To determine: The payback period.

Introduction:

The payback period is the time period or the length of the time required to recover the cost of an investment in the project or product. It is one of the time appraisal techniques.

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