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9. A project with an initial outlay of $14,000 is expected to generate $3,000 in year one, $2,000 in year two, $4,000 in year three,

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9. A project with an initial outlay of $14,000 is expected to generate $3,000 in year one, $2,000 in year two, $4,000 in year three, and $10,000 in year four. What is the project's payback period? a. 4.00 years b. 3.50 years c. 2.33 years d. 1.66 years

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