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A project has an initial cost of $8,000 and cash inflows of $2,000, $3,500, $4,100, and $2,600 over the next 4 years, respectively. What is
A project has an initial cost of $8,000 and cash inflows of $2,000, $3,500, $4,100, and $2,600 over the next 4 years, respectively. What is the payback period?
2.71
2.61
1.71
1.61
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