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Hi John
I just finished watching your f9 revision past exam lectures, brilliant stuff as always
The payback period cash inflows, if it were ever asked, the average profit element, is it profit before depreciation being the ‘Operating flows’ only (minus depreciation) or would i adjust for tax aswell?
I ask even though I have not seen a specific question to calculate Payback on one of our usual investment appraisal questions but just trying to cover all bases!
Cheers
Hugh
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