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A project has the following cash flows: Year Cash Flow 0 -20,000 1 5,011 2 5,011 3 5,011 4 5,011 5 5,011 6 5,011

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A project has the following cash flows: Year Cash Flow 0 -20,000 1 5,011 2 5,011 3 5,011 4 5,011 5 5,011 6 5,011 7 5,011 8 5,011 The payback period for this project is years.

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