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A project that costs $20,500 today will generate cash flows of $6,900 per year for seven years. What is the project's payback period? O 3.00

A project that costs $20,500 today will generate cash flows of $6,900 per year for seven years. What is the project's payback period? O 3.00 years O 2.38 years O 34 years O 248 years O 2.97 years

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