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A renewable energy project costs $2 million and is expected to save $300,000 ann

Practice Questions

Q1
A renewable energy project costs $2 million and is expected to save $300,000 annually. What is the payback period in years?
  1. 5 years
  2. 6.67 years
  3. 7 years
  4. 8 years

Questions & Step-by-Step Solutions

A renewable energy project costs $2 million and is expected to save $300,000 annually. What is the payback period in years?
No concepts available.
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