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A project has an initial cost of $48,125, expected net cash inflows of $12,000 per year for 9 years, and a cost of capital of

A project has an initial cost of $48,125, expected net cash inflows of $12,000 per year for 9 years, and a cost of capital of 13%, what is the project's payback period? Round your answer to two decimal places. 0 years

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