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A project that costs $18,000 today will generate cash flows of $4,900 per year for seven years. What is the project's payback period? Multiple Choice

A project that costs $18,000 today will generate cash flows of $4,900 per year for seven years. What is the project's payback period? Multiple Choice 3.06 years 3.67 years 4.00 yeors 2.94 years 27 years

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