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8. An investment project provides cash flows of $1,190 per year for 10 years. If the initial cost is $8,000, what is the payback period?

8. An investment project provides cash flows of $1,190 per year for 10 years. If the initial cost is $8,000, what is the payback period? A. 3.36 years B. 5.28 years C. 6.72 years D. 8.13 years E. never

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