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A project costs $400,000 and is expected to generate cash flows of $80,000 for five years. The firm's required rate of return is 11%. Compute

A project costs $400,000 and is expected to generate cash flows of $80,000 for five years. The firm's required rate of return is 11%. Compute the traditional payback (PB) period. wered 8.0 years b. 5.0 years c. 4.4 years d. 9.0 years

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