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A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of

A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 11%. What is the projects payback period? (NOT discounted payback period) Explain

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