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A company is considering a project that has an up-front cost paid today at t = 0. The project will generate positive cash flows of

A company is considering a project that has an up-front cost paid today at t = 0. The project will generate positive cash flows of $59,529 a year at the end of each for the next 6 years. The projects NPV is $89,007 and the companys return on the project is 9.3 percent. What is the projects payback?

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