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A project that requires an upfront investment of $ 2 0 million will generate an annual net cash flow of $ 5 million. The payback

A project that requires an upfront investment of $20 million will generate an annual net cash flow of $5 million. The payback period for the investment is:
a.
12 years.
b.
2.5 years.
c.
4 years.
d.
10 years.

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