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A project that costs $22,500 today will generate cash flows of $8,500 per year for seven years. What is the project's payback period? Multiple Choice
A project that costs $22,500 today will generate cash flows of $8,500 per year for seven years. What is the project's payback period? Multiple Choice
a) 3.00 years
b) 2.21 years
c) 2.12 years
d) .38 years
e) 2.65 years
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