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A project costs $500 and has cash flows of $110 for the first three years and $75 in each of the project's last five years.

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A project costs $500 and has cash flows of $110 for the first three years and $75 in each of the project's last five years. What is the payback period of the project? Select one: a. 4.75 years O b.5.27 years O c. 5.33 years d. The project never pays back o e. 5.00 years

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