A project has an initial cost of $2,250. The cash inflows are $0, $500, $900, and $700
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Question:
A project has an initial cost of $2,250. The cash inflows are $0, $500, $900, and $700 for Years 1 to 4, respectively. What is the payback period?
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2.97 years
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3.92 years
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never
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2.84 years
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3.98 years
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