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A project has an initial cost of $16,000 and cash inflows of $3,600, $4,300, $8,600, and $3,800 over the next 4 years, respectively. What is

A project has an initial cost of $16,000 and cash inflows of $3,600, $4,300, $8,600, and $3,800 over the next 4 years, respectively. What is the payback period?

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