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A project that costs $ 1 7 , 0 0 0 today will generate cash flows of $ 4 , 1 0 0 per year

A project that costs $17,000 today will generate cash flows of $4,100 per year for seven years. What is the project's payback period?
Multiple Choice
3.32 years
4.15 years
4.00 years
3.46 years
.24 years

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