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A new building project that costs $18,500 today will generate cash flows of $5,300 per year for seven years. What is the project's payback period?

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A new building project that costs $18,500 today will generate cash flows of $5,300 per year for seven years. What is the project's payback period? Multiple Choice 29 years G O 279 years 3.49 years * ENG 2:32 PM 2020-12-16

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