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A project that costs $23,600 today will generate cash flows of $3,500 per year for seven years. What is the project's payback period? 6.74 years

A project that costs $23,600 today will generate cash flows of $3,500 per year for seven years. What is the project's payback period? 6.74 years 7.24 years O The project doesn't payback. 4.75 years O 16.84 years

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