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A project costs $5,000 today and then generates cash inflows of $1,500 per year for 5 years. What is the project's payback period? a. 3.50
A project costs $5,000 today and then generates cash inflows of $1,500 per year for 5 years. What is the project's payback period? a. 3.50 years b. 4.00 years c. 3.33 years d. The project never pays back. e. 3.10 years
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