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A project requires an initial outflow of $93765 and is expected to produce $18753 inflows over each of the next five years. What is the

A project requires an initial outflow of $93765 and is expected to produce $18753 inflows over each of the next five years. What is the payback of the project?

a.

4 years

b.

4.5 years

c.

5 years

d.

5.5 years

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