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a firm is evaluating a project which will cost $10,269 today and provide cash flows in years 1, 2, and 3 of $7,560, $3,286, and,

a firm is evaluating a project which will cost $10,269 today and provide cash flows in years 1, 2, and 3 of $7,560, $3,286, and, respectively. The firms discount rate is 8%. what is the payback period?

a. 1 year

b. 2 years

c. 3 years

d. it is impossible to determine

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