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A project costs $475 and has cash flows of $100 for the first three years and $75 in each of the project's last five years.
A project costs $475 and has cash flows of $100 for the first three years and $75 in each of the project's last five years. What is the payback period of the project?
The project never pays back
4.75 years
5.00 years
5.33 years
6.00 years
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