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CFA Level 1 Exam

3959 Questions

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Question No. 1

A project requires an initial outlay of 650. It also needs capital spending of 700 at the end of year 1 and 900 at the end of year 2. It has no revenues for the first 2 years but receives 1,200 in year 3, 1,600 in year 4 and 2,300 in year 5. The project's payback period equals ________.

Choose the correct option from the given list.
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