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A project has an initial cost of $1,000 and has yearly cashflows of: Year 1: $300 Year 2: $300 Year 3: $300 Year 4:

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A project has an initial cost of $1,000 and has yearly cashflows of: Year 1: $300 Year 2: $300 Year 3: $300 Year 4: $200 Year 5: $200 What is the Payback Period? 3 years O 4.5 years O 3.5 years O 4 years

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