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A project has an initial cost of $44,000. Expected cash flows as a result of this project are projected as indicated below. Calculate the payback

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A project has an initial cost of $44,000. Expected cash flows as a result of this project are projected as indicated below. Calculate the payback period for this project. Assume a discount rate of 9%. HOME INSERT DATA Project X Cash Flows 0 44,000 Payback period (years): 2 3 4 5 10,000 15,000 18,000 15,000

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