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27) A firm is evaluating a proposal which has an initial investment

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27) A firm is evaluating a proposal which has an initial investment of $35,000 and has cash flows of $10,000 in year 1, $20,000 in year 2, and $10,000 in year 3. The payback period of the project is
A) 1 year.
B) between 2 and 3 years.
C) between 1 and 2 years.
D) 2 years
32) Robert borrows $10,500 from the bank at 11% annually compounded interest to be repaid in six equal annual installments. The interest paid in the first year is
A) $144.
B) $1,327.
C) $1,155.
D) $2,481

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Customer: replied 8 years ago.

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