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What is the correct answer?
4
An investment of Rs. 100 lakhs is to be made for construction of a plant, which will take two years to start production. The annual profit from the operation of the plant is Rs. 20 lakhs. What will be the payback time?
A.
5 years
B.
7 years
C.
12 years
D.
10 years
Correct Answer :
B. 7 years
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