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A project has an initial cost of $50,000 and expected cash flows of $5,000/year for 20 years. What is the payback period of the project?

A project has an initial cost of $50,000 and expected cash flows of $5,000/year for 20 years. What is the payback period of the project?

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20 years

5 years

15 years

10 years

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