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CAPITAL INVESTMENT: What is the payback period for a new facility? (1) Initial investment is $3.6M and annual cash inflow is $900K (2) The project generates $75K monthly cash inflow with $3.6M upfront cost

GMAT · 2021 · Data Insights
Question:
CAPITAL INVESTMENT: What is the payback period for a new facility? (1) Initial investment is $3.6M and annual cash inflow is $900K (2) The project generates $75K monthly cash inflow with $3.6M upfront cost

Options

(A) Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient
(B) Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient
(C) BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient
(D) EACH statement ALONE is sufficient
(E) Statements (1) and (2) TOGETHER are NOT sufficient
Answer: (D) EACH statement ALONE is sufficient

Explanation:
Statement (1): Payback period = $3.6M/$900K = 4 years. Sufficient. Statement (2): Annual cash inflow = $75K × 12 = $900K. Payback = $3.6M/$900K = 4 years. Sufficient.

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