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A project that costs $21,500 today will generate cash flows of $7,700 per year for seven years. What is the project's payback period? Multiple Choice

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A project that costs $21,500 today will generate cash flows of $7,700 per year for seven years. What is the project's payback period? Multiple Choice 2.79 years 2.23 years 2.33 years 36 years 3.00 years

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